Smash Head Burgers pays 40% of its purchases on account in the month of the...
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Accounting
Smash Head Burgers pays 40% of its purchases on account in the month of the purchase and 60% in the month following the purchase. If purchases are budgeted to to be $60,000 in September and $48,000 in October, what is the total of the budgeted cash payments on account due in October? $55,200 $52,800 $43,200 $64,800
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