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Home Q & A Board Other Fields Homework Help Business Accounting
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lilricemunch lilricemunch
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A year ago
Morgan Manufacturing is preparing its cash budget for the second quarter. The inventory manager has provided the following amounts budgeted for materials purchases:

April$62,880
May44,960
June47,360

The controller reports that Morgan pays for 20% of its purchases in the month of purchase, 60% in the month following purchase, and 20% in the second month after purchase. What are Morgan's budgeted cash payments for purchases in June?

▸ $9,472

▸ $39,552

▸ $49,024

▸ $89,912
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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birdnuggetbirdnugget
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A year ago
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lilricemunch Author
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A year ago
Thanks for your help!!
amandamraz
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Brilliant ツ
kc123
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2 hours ago
Just got PERFECT on my quiz
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