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A company makes all purchases on account, subject to the following payment pattern. Paid in the month of purchase: 3 0 % Paid in the
A company makes all purchases on account, subject to the following payment pattern.
Paid in the month of purchase:
Paid in the first month following purchase:
Paid in the second month following purchase:
If purchases for April, May, and June were $$ and $ respectively, what was the firm's budgeted payables balance on May
a $
b $
c $
d $
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