Waterway industries expects to purchase $160000 of materials in March and $230000 of materials in...
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Accounting
Waterway industries expects to purchase $160000 of materials in March and $230000 of materials in April. Three-fourths of all purchases are pald for in the month of purchase, and the other one-fourth are paid for in the month following the monthof purchase. In addition, a 2% discount is received for payments made in the month of purchase. What are Waterway's budgeted cash disbursements for materials purchases in April? $160000$209050$187600$117600
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