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Jason Manufacturing is preparing its cash budget for the second quarter. The inventory manager has provided the following amounts budgeted for materials purchases: April $62830
Jason Manufacturing is preparing its cash budget for the second quarter. The inventory manager has provided the following amounts budgeted for materials purchases:
April | $62830 | |
May | 45050 | |
June | 47400 |
The controller reports that Jason pays for 20% of its purchases in the month of purchase, 70% in the month following purchase, and 10% in the second month after purchase. What are Jasons budgeted cash payments for purchases in June?
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