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Purchases in May were $55,000, while expected purchases for June and July are $77,000 and $91,000, respectively. All purchases are paid 35% in the month
Purchases in May were $55,000, while expected purchases for June and July are $77,000 and $91,000, respectively. All purchases are paid 35% in the month of purchase and 65% in the following month. At what amount are June payments for purchases budgeted? A. $69,300 B. $94,550 C. $62,700 D. $78,050
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