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A company pays 15% of its purchases in cash in the month of the purchase and 85% in the following month. The purchases budget is
A company pays 15% of its purchases in cash in the month of the purchase and 85% in the following month. The purchases budget is $45,000 for March, $55,000 for April, and $63,000 in May, what are the budgeted cash payments for the months of April and May.
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