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Diaz Company is preparing a cash payments budget. Below is a schedule of financial data that will be used to prepare the budget. What is
Diaz Company is preparing a cash payments budget. Below is a schedule of financial data that will be used to prepare the budget. What is the cash payments budget for November? September October November December Purchases $34,798 $74,503 $47,929 Cash Operating Costs $5,156 $8,453 $9,855 Cash paid for new equipment $1,586 $2,744 $3,955 Accounts Payable at End of Month $14,507 Purchases are paid for as follows: In Month of Purchase 60% In Month After Purchase 40%
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