The following information pertains to ABC Company: Sales -...
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Accounting
The following information pertains to ABC Company: Sales - January =$62,000 - February =$84,000 - March =$101,000 Purchases - January =$33,000 - February =$42,000 - March =$61,000 - 55% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. - Labor costs are 30% of sales. Other operating costs are $38,000 per month (including $10,000 of depreciation). Both of these are paid in the month incurred. How much cash will be disbursed in total in March
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