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All purchases are paid 45 in the month of purchase and 55


Question - Expected purchases for June and July are $80,000 and $92,000, respectively. Purchases for May were $60,000. All purchases are paid 45% in the month of purchase and 55% the following month. At what amount are June payments for purchases budgeted?

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Accounting Basics: All purchases are paid 45 in the month of purchase and 55
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