Three-quarters of all purchases are paid for in the month

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Pierce Merchandising Company expects to purchase $90,000 of materials in March and $105,000 of materials in April. Three-quarters of all purchases are paid for in the month of purchase, and the other one-fourth are paid for in the month following the month of purchase. In addition, a 2% discount is received for payments made in the month of purchase. How much will April's cash disbursements for materials purchases be?

Reference no: EM13598412

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