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How much will august cash disbursements for materials be

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Reference no: EM132891201

Problem 1: Sheffield Corp. expects to purchase $120000 of materials in July and $140000 of materials in August. Three-fourths 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 August's cash disbursements for materials be?

Option 1: $90000
Option 2: $105000
Option 3: $135000

Reference no: EM132891201

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