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The purchases budget shows quarterly purchases as 1st quarter $40,500; 2nd quarter $33,750; 3rd quarter...

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Accounting

The purchases budget shows quarterly purchases as 1st quarter $40,500; 2nd quarter $33,750; 3rd quarter $65,750; and 4th quarter $52,500. Determine the amount of cash payments to be made in the 4th quarter assuming all purchases are made on credit with 40% paid in the quarter of purchase and 60% paid in the quarter after purchase.

Cash payments to be made in the 4th quarter $[a]

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