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Dane Inc has forecast purchases on account to be $315,000 in March, $372,000 in April, $421,000 in May, and $494,000 in June. Sixty percent of
Dane Inc has forecast purchases on account to be $315,000 in March, $372,000 in April, $421,000 in May, and $494,000 in June. Sixty percent of purchases are paid for in the month of purchase, the remaining 40% are paid in the following month. What are budgeted cash payments for April?
$349,200
$123,200
$382,200
$256,200
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