Dane Inc has forecast purchases on account to be $314,000 in March, $378,000 in April,...
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Accounting
Dane Inc has forecast purchases on account to be $314,000 in March, $378,000 in April, $420,000 in May, and $497,000 in June. Sixty five percent of purchases are paid for in the month of purchase, the remaining 35% are paid in the following month. What are budgeted cash payments for April? $129,600 $388,600 $355,600 $262,600
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