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What is the expected balance in accounts payable as of april

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Estate? Corp., has the following? information:Month Budgeted Purchases

January $ 27 200

February 30 000

March 29 300

April 30 480

May 27 180

Purchases are paid for in the following? manner:

  1. 10 ?% of the purchase amount in the month of purchase
  2. 50 % of the purchase amount in the month after purchase
  3. 40 ?% of the purchase amount in the second month after purchase

Problem 1: What is the expected balance in Accounts Payable as of April? 30?

Reference no: EM132776361

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