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lamber company purchased $140,000 of goods in september and expects to purchase $130,000 of goods in october. lambert typically pays 10% of purchases in the
lamber company purchased $140,000 of goods in september and expects to purchase $130,000 of goods in october. lambert typically pays 10% of purchases in the month of purchase and 90% in the following month.
Every month lambert must make the following payments
rent 5000
wages 14,000
utilities 3000
telephone 400
loan 1200
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