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Peabody Company prepared the following purchases budget: All purchases are paid for as follows: 60% in the month of purchase, 35% in the following month,
Peabody Company prepared the following purchases budget: All purchases are paid for as follows: 60% in the month of purchase, 35% in the following month, and 5% two months after purchase. What are the total cash disbursements in August to account for the purchase of merchandise at Peabody Company? A. $46,590 B. $40,525 C. $24,000 D. $70,020
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