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Broihan Corporation has the following purchases budget for the last half of 2002: July $100,000 October $ 90,000 August 80,000 November 100,000 September 110,000 December
Broihan Corporation has the following purchases budget for the last half of 2002: July $100,000 October $ 90,000 August 80,000 November 100,000 September 110,000 December 94,000 Historically, the company pays one half at the time of purchase and the remainder in the month following purchase. What are the expected cash disbursements in August? a. $ 80,000. b. $ 90,000. c. $ 95,000. d. $100,000 e. $105,000
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