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Chovita Marbles Purchases $1,500 in Raw Material Each Month to Support

Question 20

Multiple Choice

Chovita Marbles purchases $1,500 in raw material each month to support sales of $2,500 that occur in the following month. In addition, Chovita pays wages, rent, and taxes that total $700 each month. What is Chovita's total monthly cash disbursements?


A) $300
B) $4,700
C) $700
D) $1,000
E) $2,200

Correct Answer:

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