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Spurs City Manufacturing is preparing its cash budget for the second quarter. The inventory manager has provided the following amounts budgeted for materials purchases: April
Spurs City Manufacturing is preparing its cash budget for the second quarter. The inventory manager has provided the following amounts budgeted for materials purchases: April $78,600 May $52,600 June $59,200 The controller reports that Spurs City pays for 30% of its purchases in the month of purchase and 70% in the month following purchase What are Spurs City's budgeted cash payments for purchases in June? $57.100 O $17,760 O $54.580 $59.200
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