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Out-of-the-Way Restaurant expects to make the following inventory purchases: Month Purchases October $80,000 November 100,000 December 160,000 During September, the restaurant purchased $72,000 of inventory.
Out-of-the-Way Restaurant expects to make the following inventory purchases: Month Purchases October $80,000 November 100,000 December 160,000 During September, the restaurant purchased $72,000 of inventory. The restaurant typically pays for 25% of the inventory purchases within the month of the purchase and 75% in the following month. Estimate the cash disbursements that will be made in November for purchases related to inventory
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