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Russell, Inc. has forecast purchases on account to be $310,000 in March, $370,000 in April, $421,000 in May, and $499,000 in June. Seventy percent of
Russell, Inc. has forecast purchases on account to be $310,000 in March, $370,000 in April, $421,000 in May, and $499,000 in June. Seventy percent of purchases are paid for in the month of purchase, the remaining 30% are paid in the following month. What are budgeted cash payments for April? (8 01:02:24 Multiple Choice $126,000 $352,000 $259,000 $385,000
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