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What is the expected balance in accounts payable as of march

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Estate? Corp., has the following? information:

Month      Budgeted Purchases

January       $ 26 900

February        29 300

March           28 500

April          29 780

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 March? 31?

Reference no: EM132776365

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