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Budgeted purchases; budgeted cash payments Grenfell Company is preparing a cash budget for the year for purchases of Calvos. Budgeted data are as follows: Purchases

Budgeted purchases; budgeted cash payments
Grenfell Company is preparing a cash budget for the year for purchases of Calvos.
Budgeted data are as follows:
Purchases will be made in 12 equal monthly amounts and paid for in the following month. Compute the budgeted cash payment for purchases of Calvos for the year.
Budgeted cash payment: $
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