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are made on account. Prepare an inventory purchases budget. d . The company pays 6 0 percent of accounts payable in the month of purchase

are made on account. Prepare an inventory purchases budget.
d. The company pays 60 percent of accounts payable in the month of purchase and the remaining 40 percent in the following mor Prepare a cash payments budget for inventory purchases.
e. Budgeted selling and administrative expenses per month follow.
\table[[Salary expense (fixed),$19,100 I onl
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