Vallens Company purchases merchandise on account. In general, Vallens pays 40% in the month of purchase and
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- Vallens Company purchases merchandise on account. In general, Vallens pays 40% in the month of purchase and 60% in the following month. All payments in the month of purchase qualify for a 2% cash discount. First quarter budgeted purchases are as follows: January $96,000 February 90,000 March 100,000
- A. What are the total cash disbursements expected in February?
- B. What are the total cash disbursements expected in March?
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