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bernie2981 bernie2981
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Posts: 3810
8 years ago
Purchases in May were $60,000, while expected purchases for June and July are $75,000 and $92,000, respectively. All purchases are paid 35% in the month of purchase and 65% in the following month. At what amount are June payments for purchases budgeted?
A) $97,450
B) $86,050
C) $65,250
D) $69,750
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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Posts: 2158
8 years ago
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bernie2981 Author
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8 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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This site is awesome
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Smart ... Thanks!
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