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Resco, a local retail establishment, expects to make inventory purchases as follows for the first quarter of the year: January, $ 9 , 0 0
Resco, a local retail establishment, expects to make inventory purchases as follows for the first quarter of the year: January, $;
February, $; and March, $ Prior experience shows that of a given month's purchases are paid in the month of
purchase, with the balance paid in the following month. No purchase discounts apply.
Required:
What is the total expected cash disbursement for February? For March?
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