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XYZ company makes all purchases on account, subject to the following payment pattern: Paid in the month of purchase: 30% Paid in the first month
XYZ company makes all purchases on account, subject to the following payment pattern:
Paid in the month of purchase: 30%
Paid in the first month following purchase: 60%
Paid in the second month following purchase: 10%
If purchases for January, February, and March were $200,000, $180,000, and $230,000, respectively, what were the firm's budgeted payments in March?
A. $197,000
B. $177,000
C.$138,000
D. $69,000
E. None of the Above
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