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Reed Merchandising Company expects to purchase $80,000 of materials in July and $120,000 of materials in August. Three-quarters of all purchases are paid for in
Reed Merchandising Company expects to purchase $80,000 of materials in July and $120,000 of materials in August. Three-quarters of all purchases are paid for in the month of purchase, and the other one fourth are paid for in the month following the month of purchase. How much will August's cash disbursements for materials purchases be? $60,000 $90,000 O $110,000 $120,000
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