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Expected Purchases for June and July Are $80,000 and $92,000,respectively

Question 172

Multiple Choice

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?


A) $69,000
B) $71,000
C) $86,600
D) $110,400

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