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What were the firm budgeted payments in March

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Question - Dalton Industries makes all purchases on account, subject to the following payment pattern:

Paid in the month of purchase: 20%

Paid in the first month following purchase: 50%

Paid in the second month following purchase: 30%

If purchases for January, February, and March were $202,000, $182,000, and $232,000, respectively, what were the firm's budgeted payments in March?

Reference no: EM133170037

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