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5. Missy Inc. is planning to purchase inventory for resale costing P90,000 in 1 point October, P70,000 in November, and P40,000 in December. The company
5. Missy Inc. is planning to purchase inventory for resale costing P90,000 in 1 point October, P70,000 in November, and P40,000 in December. The company pays 40% of its purchases in the month of purchase and 60% in the month following purchase. What would be budgeted cash disbursements for purchases of inventory in December? O P40,000 P70,000 OP58,000 P20,000
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Introductory Accounting Finance And Auditing For Lawyers
Authors: Lawrence A. Cunningham
5th Edition
0314912606, 978-0314912602
