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Purchases in May were $58,000, while expected purchases for June and July are $72,000 and $94,000, respectively. All purchases are paid 30% in the month
Purchases in May were $58,000, while expected purchases for June and July are $72,000 and $94,000, respectively. All purchases are paid 30% in the month of purchase and 70% in the following month. At what amount are June payments for purchases budgeted? A. $67, 200 B. $90, 400 C. $67, 800 D. $62, 200
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