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Samson Company prepared the following purchases budget: Month June July August September October All purchases are paid for as follows: 20% in the month of
Samson Company prepared the following purchases budget: Month June July August September October All purchases are paid for as follows: 20% in the month of purchase, 60% in the following month, and 20% two months after purchase. What are the Samson Company cash disbursements in August for June purchases? A. $7,120 B. $27,480 C. $21,360 D. $35,600 Budgeted Purchases $35,600 $42,500 $39,600 $45,800 $49,400
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