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A company has budgeted direct materials purchases of $330000 in July and $580000 in August. Past experience indicates that the company pays for 70% of
A company has budgeted direct materials purchases of $330000 in July and $580000 in August. Past experience indicates that the company pays for 70% of its purchases in the month of purchase and the remaining 30% in the next month. During August, the following items were budgeted: Wages Expense Purchase of office equipment Selling and Administrative Expenses Depreciation Expense $220000 O $505000. O $797000. O $895000. O $852000. 72000 55000 43000 The budgeted cash disbursements for August are
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