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A company plans to purchase inventory for the second half of 2014 as follows: They usually pay 50% of inventory purchases in the month of

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A company plans to purchase inventory for the second half of 2014 as follows: They usually pay 50% of inventory purchases in the month of purchase, 35% in the following month, and 15% in the second month. Based on this information, what are the forecasted total 2014 cash payments for inventory purchased in the second half of 2014

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