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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 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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