Three-fourths of all purchases are paid for in the month of


Question - Swifty Corporation expects to purchase $140000 of materials in July and $160000 of materials in August. Three-fourths of all purchases are paid for in the month of purchase, and the other one-fourth are paid for in the month following the month of purchase. How much will August's cash disbursements for materials purchases be?

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Accounting Basics: Three-fourths of all purchases are paid for in the month of
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