Purchases for May were $100,000, while expected purchases for June and July are $110,000 and $125,000, respectively.

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Question:

Purchases for May were $100,000, while expected purchases for June and July are $110,000 and $125,000, respectively. All purchases are paid 25% in the month of purchase and 75% the following month. Calculate the budgeted payments for the month of June.

A) $102,500

B) $107,500

C) $110,000

D) $121,250