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maportil maportil
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Sophia, Inc. is preparing its cash budget for the fourth quarter. The inventory manager advises that materials purchases will be $40,000 in October and will increase by 25% for each month thereafter due to the holiday season. Sophia's purchases in September were $32,000. Sophia pays for purchases 50% in the month after sale and 50% in the 2nd month after the sale. What are Sophia's budgeted cash payments for purchases in November?

▸ $36,000

▸ $45,000

▸ $61,000

▸ $40,000
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Managerial Accounting

Managerial Accounting


Edition: 4th
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cherylelcherylel
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