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Prepare a schedule of cash payments for direct materials

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Reference no: EM133073920

Question - Zisk Company purchases direct materials on credit. Budgeted purchases are April 535.000; May $115,000; and June $125,000. Cash payments for purchases are: 75% in the month of purchase and 25% in the first month after purchase. Purchases for March are 375,000. Prepare a schedule of cash payments for direct materials for April, May, and June.

Reference no: EM133073920

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