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Dane IncHas Forecast Purchases on Account to Be $465,000 in March,555,000

Question 51

Multiple Choice

Dane Inc.has forecast purchases on account to be $465,000 in March,555,000 in April,$630,000 in May,and $735,000 in June.Seventy percent of purchases are paid for in the month of purchase,the remaining 30% are paid in the following month.What are budgeted cash payments for April?


A) $528,000
B) $577,500
C) $388,500
D) $189,000

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