The other one-fourth are paid


Reed Merchandising Company expects to purchase $90,000 of materials in July and $105,000 of materials in August. Three-quarters of all purchases are paid for in the month of purchase, and the other one-fourth are paid for the month following the month of purchase. How much will August's?

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Accounting Basics: The other one-fourth are paid
Reference No:- TGS0699914

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