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Mattings Ice Cream Co. pays 30% of its purchases on account in the month of the purchase and 70% in the month following the purchase.
Mattings Ice Cream Co. pays 30% of its purchases on account in the month of the purchase and 70% in the month following the purchase. If purchases are budgeted to be $75,000 for October and $45,000 for November, what are the budgeted cash payments for purchases on account for November
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