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Assume a merchandising company's estimated soles for January, February, and March are $119,000,$139,000, ond $129,000, respectively. its cost of goods sold is alwaty 45% of

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Assume a merchandising company's estimated soles for January, February, and March are $119,000,$139,000, ond $129,000, respectively. its cost of goods sold is alwaty 45% of its sales. The compeny always maintains ending merchandise inventory equal to 20% of next month's cost of goods sold. It pays for 20% of its merchandise purchases in the month of the purchase and the remaining 80% in the subsequent month What are the cash disbursements for merchandise purchases that would appest in the compony's cash budget for February

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