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The following credit purchases are budgeted by Wendy's Flowers Company: January $34,000 February 55,000 March 70,000 April 60,000 Accounts payable are paid 30% during the
The following credit purchases are budgeted by Wendy's Flowers Company: January $34,000 February 55,000 March 70,000 April 60,000 Accounts payable are paid 30% during the month of purchase and the remaining to be paid one month after the purchase. The anticipated cash outflows for the month of April is Select one: a. $66,000 b. $64,000 c. $65,000 d. $67,000
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