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Dane Inc has forecast purchases on account to be $319,000 in...

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Accounting

Dane Inc has forecast purchases on account to be $319,000 in March, $375,000 in April, $422,000 in May, and $496,000 in June. Seventy percent of purchases are paid for in the month of purchase, the remaining 30% are paid in the following month. What are budgeted cash payments for April?

A. $358,200

B. $132,200

C. $391,200

D. $265,200

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