Question
Company prepared the following purchases budget: Month Budgeted Purchases June $53119 July $63459 August $56620 September $75665 October $70503 All purchases are paid for as
Company prepared the following purchases budget:
| Month | Budgeted Purchases |
| June | $53119 |
| July | $63459 |
| August | $56620 |
| September | $75665 |
| October | $70503 |
All purchases are paid for as follows: 10% in the month of purchase, 50% in the following month, and 40% two months after purchase. What are the total cash payments made in September for purchases?
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Fundamentals Of Strategy
Authors: Gerry Johnson, Kevan Scholes, Richard Whittington
2nd Edition
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