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Construction is estimating the following raw material purchases for the final four months of the year: September: $800,000 October: $980,000 November: $220,000 December: $760,000 At
Construction is estimating the following raw material purchases for the final four months of the year: September: $800,000 October: $980,000 November: $220,000 December: $760,000 At Alliance, 30% of raw materials purchases are normally paid for in the month of purchase. The remaining 70% is paid for in the month following the purchase. How much cash should Alliance expect to pay out for the raw material purchases during November? Select one: a. $752,000 b. $532,000 c. $360,000 d. $448,000
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