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Kimball Co. wishes to forecast it cash disbursements relating to inventory for the month of...

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Accounting

Kimball Co. wishes to forecast it cash disbursements relating to inventory for the month of March. Estimated purchases of inventory in January, February, and March are $100,000,120,000, and $150,000, respectively. Kimball typical pays for 40 percent of its inventory purchased in the month of purchase, 50 percent in the month following purchase, and the remaining 10% in the second month following the purchase.
Given this information, forecasted cash paid for inventory in March is:
$130,000
$150,000
$133,000
$120,000
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