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What are the budgeted cash payments for purchases on account

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Problem - Confederate Candle Co. pays 20% of its purchases on account in the month of the purchase and 80% in the month following the purchase. If purchases are budgeted to be $18,000 for October and $19,500 for November, what are the budgeted cash payments for purchases on account for November?

Reference no: EM132881721

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