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Colorado company has 300,000 in accounts payable on February 1. budgeted purchases in February are 750,000. Colorado Company expects to pay 25% in the month

Colorado company has 300,000 in accounts payable on February 1. budgeted purchases in February are 750,000. Colorado Company expects to pay 25% in the month of the purchases with the remainder in the following month. February cash payments for purchases are expected to be?

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