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Oliver's Ice Cream Stand makes payments on its inventory purchases as follows: 20% in the month of purchase, 70% in the following month, and

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Oliver's Ice Cream Stand makes payments on its inventory purchases as follows: 20% in the month of purchase, 70% in the following month, and 10% in the second month following purchase. Budgeted inventory purchases for June, July, and August are $10,000, $15,000 and $23,000, respectively. What is the budgeted amount of cash payments to account for inventory in August at Oliver's Ice Cream Stand? OA. $16,100 OB. $4,800 OC. $6,900 OD. $14,800

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