Concord Corporation expects to purchase $80000 of materials in July and $120000 of materials in...
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Accounting
Concord Corporation expects to purchase $80000 of materials in July and $120000 of materials in August. Three-fourths of all purchases are paid for in the month of purchase, and the other one-fourth are paid for in the month following the month of purchase. How much will August's cash disbursements for materials purchases be?
$60000
$120000
$110000
$90000
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