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How much cash kate spade is budgeted to pay for july

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Question - Kate Spade plans to purchase $317,000 of direct materials in June, $370,000 in July, and $424,000 in August. Kate Spade typically pays Sixty percent of its direct material purchases in the month of purchase and the remaining 40% in the following month. How much cash Kate Spade is budgeted to pay for July?

Reference no: EM132979317

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