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Alliance Construction is estimating the following raw material purchases for the final four months of the year: September: $800,000 October: $920,000 November: $820,000 December:
Alliance Construction is estimating the following raw material purchases for the final four months of the year: September: $800,000 October: $920,000 November: $820,000 December: $760,000 At Alliance, 30% of raw materials purchases are normally paid for in the month of purchase. The remaining 70% is paid for in the month following the purchase. How much cash should Alliance expect to pay out for the raw material purchases during November? O a. $890,000 O b. $70,000 O c. $522,000 O d. $850,000
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