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Acti Manufacturing Corporation is estimating the following raw material purchases for the final four months of the year: September October November December $ 830,000
Acti Manufacturing Corporation is estimating the following raw material purchases for the final four months of the year: September October November December $ 830,000 $ 940,000 $ 860,000 $ 780,000 At Acti, 40% of raw materials purchases are normally paid for in the month of purchase. The remaining 60% is paid for in the month following the purchase. In Acti's budgeted balance sheet at December 31, at what amount will accounts payable for raw materials be shown? Multiple Choice $780,000 $564,000 $468,000 $588,000
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