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ABC Company's raw materials purchases for June, July, and August are budgeted at $37 , 000 , $27 , 000 , and $52 , 000
ABC Company's raw materials purchases for June, July, and August are budgeted at $37 , 000 , $27 , 000 , and $52 , 000 , respectively. Based on past experience, ABC expects that 50% of a month's raw material purchases will be paid in the month of purchase and 50% in the month following the purchase. Required: Prepare an analysis of cash disbursements from raw materials purchases for ABC Company for August
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