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Kate Spade plans to purchase $310,000 of direct material in June, $373,000 in July, and $424,000 in August. Kate Spade typically pays Sixty percent of
Kate Spade plans to purchase $310,000 of direct material in June, $373,000 in July, and $424,000 in August. Kate Spade typically pays Sixty percent of its direct material purchases in the month of purchase and the remaining 40% in the following month. How much cash Kate Spade is budgeted to pay for July? Multiple Choice $380,800 $254,800 $347,800
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