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What are budgeted cash payments for June

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Question - COVID 19 Co. has forecast purchases on account to be $310,000 in March, $373,000 in April, $424,000 in May, and $495.000 in June Sixty percent of purchases are paid for in the month of purchase, the remaining 40% are paid in the following month. What are budgeted cash payments for June?

a. $380,800

b. $347,800

c. $121,800

d. $466,600

Reference no: EM132562856

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