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Swifty Corporation expects to purchase $280000 of materials in July and $270000 of materials in August. Three-fourths of all purchases are paid for in the
Swifty Corporation expects to purchase $280000 of materials in July and $270000 of materials in August. Three-fourths of all purchases are paid for in the month of purchase, and the other one-fourth are paid for in the month following the month of purchase. What are budgeted cash disbursements for materials purchases in August?
$210000
$270000
$202500
$272500
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