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Dalton Industries makes all purchases on account, subject to the following payment pattern. Paid in the month of purchase: 20% Paid in the first month
Dalton Industries makes all purchases on account, subject to the following payment pattern. Paid in the month of purchase: 20% Paid in the first month following purchase: 50% Paid in the second month following purchase: 30% If purchases for January, February, and March were $199,000, $179,000, and $229,000, respectively, what were the firm's budgeted payments in March? Multiple Choice $45,800. $114,500. $135,300. $195,000 None of the answers is correct
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