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Foxy company is considering its forthcoming projections for cash budget purposes. Foxy makes all purchases on account, subject to the following payment pattern: Paid in
Foxy company is considering its forthcoming projections for cash budget purposes. Foxy makes all purchases on account, subject to the following payment pattern: Paid in the month of purchase: 30% Paid in the first month following purchase: 60% Paid in the second month following purchase: 10% If purchases for January, February, and March were $200,000, $180,000, and $230,000, respectively, what were the firm's budgeted payments in March?
a.
$69,000.
b.
$138,000.
c.
$177,000.
d.
$197,000.
e.
Some other amount.
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