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TheCinrichAntique Mall expects to make purchases in the first quarter of 2021 as follows: January $98,800February 124,800March 88,400 Purchases in December 2020 are expected to
TheCinrichAntique Mall expects to make purchases in the first quarter of 2021 as follows:
January
$98,800February
124,800March
88,400
Purchases in December 2020 are expected to be $95,200. The company expects that50percent of a month's purchases will be paid in the month of purchase and50percent will be paid in the following month.
Estimate cash disbursements related to purchases for each month of the first quarter of 2021.
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