Elizabeth is a managing partner at a firm and is handling the sales and marketing group. She is currently besy in a new product launch. Sales for the new product are expected to be 230 units in July and 290 units in August. Inventory purchases are made at the beginning of the month, and the firm has a policy to stock 10 . of the next month's sales in FG inventory. The cost of the product to the company is $200 per unit, and after a careful analysis, Elizabeth has decilled to sell the product at a profit margin of 40% Elizabeth is expecting a sales return of 7% and factored in a prompt payment discount of 1.5% from its suppliers by paying within the discounted period of 15 days. Determine the budgeted cash payments for the merchandise purchases made in fuly. $51023$47397$47200$51800