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Ivory Inc. has forecast purchases on account to be $330,000 in March, $390,000 in April, $440,000 in May, and $510,000 in June. Seventy percent
Ivory Inc. has forecast purchases on account to be $330,000 in March, $390,000 in April, $440,000 in May, and $510,000 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? Multiple Choice $460,000 $373,000 $489,000 $307,000
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