ADVANCED ACCOUNTING
ADVANCED ACCOUNTING
13th Edition
ISBN: 9781260773033
Author: Hoyle
Publisher: MCG
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Chapter 5, Problem 2P
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Nova Retail Company expects to purchase $95,000 of materials in September and $110,000 of materials in October. Three-quarters of all purchases are paid for in the month of purchase, and the other one-fourth are paid for in the month following the month of purchase. How much will October's cash disbursements for materials purchases be?
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