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Selena's Sweets is preparing cash budgets for the third quarter of 2020. Budgeted purchases are $23,500 for July, $20,500 for August, and $26,000 for September.
Selena's Sweets is preparing cash budgets for the third quarter of 2020. Budgeted purchases are $23,500 for July, $20,500 for August, and $26,000 for September. Purchases are paid for 10% in the same month, 60% the following month, and 30% two months after the purchase. The cash disbursements for September are budgeted to be: O $19,350 O $21,950 O $22,450 O $26,000
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