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The Denver Corporation has forecast the following sales for the first seven months of the year: Monthly material purchases are set equal to 25 percent

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The Denver Corporation has forecast the following sales for the first seven months of the year: Monthly material purchases are set equal to 25 percent of forecast sales for the next month. Of the total matenal costs. 35 percent are. paid in the month of purchase and 65 percent in the following month Labor costs wilf run $4,200 per month. and fixed overhead is $3,000 per month interest payments on the debt will be $3,200 for both March and June. Finally, the Denver salesforce wili receive a 1.50 percent commission on total sales for the first six months of the year, to be paid on June 30 . Prepare a monthly soummary of cash payments for the six-month period from January through June. (Note: Compute prior December purchases to help get total matelal poyments for January) Note: Input all yout answers as positive values, Leave no cells blank be certoin to enter 0 wherever required

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