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What is the budgeted accounts payable balance on december?

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Question - Calder Water Company has budgeted direct materials inventory purchases as? follows:? October: $300,000?, November: $360,000, ?December: $460,000. Calder pays for? 20% of their purchases during the month of? purchase, 70% during the month following the? purchase, and the remaining? 10% two months after the month of purchase. What is the budgeted accounts payable balance on December? 31?

Reference no: EM133155873

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