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Assume a merchandising company s estimated sales for January, February, and March are $ 1 1 6 , 0 0 0 , $ 1 3
Assume a merchandising companys estimated sales for January, February, and March are $ $ and $ respectively. Its cost of goods sold is always of its sales. The company always maintains ending merchandise inventory equal to of next months cost of goods sold. It pays for of its merchandise purchases in the month of the purchase and the remaining in the subsequent month. What are the cash disbursements for merchandise purchases that would appear in the companys cash budget for February?
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