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Question 23 7.14 pts ABC Company is estimating the following raw material purchases for the final four months of the year: September $830,000 October $940,000

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Question 23 7.14 pts ABC Company is estimating the following raw material purchases for the final four months of the year: September $830,000 October $940,000 November $860,000 December $780,000 At ABC Company, 40% of raw materials purchases are normally paid for in the month of purchase. The remaining 60% is paid for in the month following the purchase. How much cash should ABC Company expect to pay out for raw material purchases during November? $438,000 $344,000 $908,000 $564,000

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