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Save Answer Question 6 5 points The ABC Company develops a Cash Budget for 2015. As part of that budget, they prepare a schedule of quarterly budgeted payments for direct materials. Management anticipates paying 60% of its purchases in the quarter of purchase and 40% in the following quarter. If management purchases $100,000 of direct materials in EACH of the budgeted four quarters of 2015, which of the following will result? The 12-31-2015 budgeted balance sheet will show a $40,000 accounts receivable balanco The 12-31-2015 budgeted balance sheet will show a $40,000 accounts payable balance, O The 12-31-2015 budgeted income statement will have a cost of goods sold in the amount of $100.000 The schedule of quarterly budgeted payments for direct materials will show total payments in the fourth quarter to be $60.000 a