Payable balances and merchandise inventory balances

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Reference no: EM13824337

Quick Dollar Company purchases all merchandise on credit. It recently budgeted the following month-end accounts payable balances and merchandise inventory balances. Cash payments on accounts payable during each month are expected to be: May, $1,400,000; June, $1,400,000; July, $1,250,000; and August, $1,600,000

Reference no: EM13824337

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