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Expected Purchases for June and July Are $76,000 and $90,000

Question 37

Multiple Choice

Expected purchases for June and July are $76,000 and $90,000, respectively. Purchases for May were $56,000. All purchases are paid 40% in the month of purchase and 60% the following month. At what amount are June payments for purchases budgeted?


A) $64,000
B) $68,000
C) $88,800
D) $100,000

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