Prepare Carla Vista Specialties purchases budget for June and July. $($Round COGS percentage to $2$ decimal places, e$.$g$.52\mathrm{.}75.)$

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Solution

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b$)$

Assuming that Carla Vista Specialties pays for $50$ percent of its purchases in the month of purchase and the remaining $50$ percent in the month following the purchase, prepare the company's cash payments budget for July.

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