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Purchases on account are given below: October November December 30,000 40,000 50,000 55% of the month's purchases will be paid in the month of the

Purchases on account are given below:

October November December
30,000 40,000 50,000

55% of the month's purchases will be paid in the month of the purchase; the remaining 45% will be paid in the following month. How much will the cash payments for purchases be in November?

Multiple Choice

$35,500

$34,500

$40,000

$36,000

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