Dream Big Pillow Co., pays 65% of its purchases in the month of purchase, 30%...
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Dream Big Pillow Co., pays 65% of its purchases in the month of purchase, 30% the month after the purchase, and 5% in the second month following the purchase. It made the following purchases at the end of 2017 and the beginning of 2018: Nov. 2017 $61,000 Dec. 2017 $51,000 Jan. 2018 $36,000 Feb. 2018 Mar. 2018 $42,000 $47,000 Given the above purchases, how much cash will be paid in quarter 2018? Cash paid $
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