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To what can we attribute the difference between projected total cost of goods sold and projected cash payments for Inventory In the first quarter of
To what can we attribute the difference between projected total cost of goods sold and projected cash payments for Inventory In the first quarter of operations? Quantum Graphics sells all its Inventory In the month of purchase and purchases its inventory on account. Customers do not pay for the goods It purchases until 30 days after the date of purchase Due to the Matching Concept, cash sales require payments for inventory In the month they occur There Is no difference between the cost of goods sold and cash payments
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