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Risa, Inc. has provided the following extracts from their budget for the first quarter of...

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Accounting

Risa, Inc. has provided the following extracts from their budget for the first quarter of the forthcoming year: Jan Feb March Purchases on account Jan $ 261,000 Feb $293,000 March $310,000

The vendors are allowed the following terms of payment:

Month of purchase 10%

First month after the purchase 35%

Second month after the purchase 35%

Calculate the total payment on account for the month of March.

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