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Pasadena Candle Inc 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 be

Pasadena Candle Inc. 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 be $40,000 for August and $36,000 for September, what are the budgeted cash payments for purchases on account for September?

Apr 21 2020 View more View Less

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