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Swifty, Inc. has budgeted direct materials purchases of $410,000 in March and $515,000 in April. The company policy is to pay for 60% of purchases
Swifty, Inc. has budgeted direct materials purchases of $410,000 in March and $515,000 in April. The company policy is to pay for 60% of purchases in the month of purchase and the remaining 40% in the next month. Other expenses are paid during the month when incurred. During April, the following items were budgeted: Compute budgeted cash disbursements for April. Budgeted cash disbursements for April $
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