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A company has budgeted direct materials purchases of $330000 in July and $530000 in August. Past experience indicates that th company pays for 70% of
A company has budgeted direct materials purchases of $330000 in July and $530000 in August. Past experience indicates that th company pays for 70% of its purchases in the month of purchase and the remaining 30% in the next month. All selling and administrative expenses are paid in cash as incurred. During August, the following items were budgeted: Budgeted cash disbursements for August are $789000.$844000.$470000.$884000
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