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Estimated purchases for the next four months are as follows (in $ million): Month 1 2 3 4 Purchases 40.8 41.62 42.45 43.3 The firm
Estimated purchases for the next four months are as follows (in $ million):
Month | 1 | 2 | 3 | 4 |
Purchases | 40.8 | 41.62 | 42.45 | 43.3 |
The firm pays 80% of purchases in the month of the purchase and the remainder in the following month.
(1). What are cash disbursements in month 2 (in $ million)?
(2). What are cash disbursements in month 3 (in $ million)?
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