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Ivory Inc. has forecast purchases on account to be $320,000 in March, $380,000 in April, $430,000 in May, and $500,000 in June. Seventy percent of
Ivory Inc. has forecast purchases on account to be $320,000 in March, $380,000 in April, $430,000 in May, and $500,000 in June. Seventy percent of purchases are paid for in the month of purchase, the remaining 30% are paid in the following month. What are budgeted cash payments for June?
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