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Purchases for May Were $104,000,while Expected Purchases for June and July

Question 61

Multiple Choice

Purchases for May were $104,000,while expected purchases for June and July are $121,000 and $139,000,respectively.All purchases are paid 75% in the month of purchase and 25% the following month.Calculate the budgeted payments for the month of June.


A) $121,000
B) $108,250
C) $30,250
D) $116,750

Correct Answer:

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