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Business, 15.06.2021 17:00 shaviaa

Hector Company reports the following: July August September Sales $ 32,000 $ 40,000 $ 44,000 Purchases 19,520 24,400 32,000 Payments for purchases are made in the month after purchase. Selling expenses are 16% of sales, administrative expenses are 12% of sales, and both are paid in the month of sale. Rent expense of $3,300 is paid monthly. Depreciation expense is $1,600 per month. Prepare a schedule of budgeted cash payments for August and September.

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Hector Company reports the following: July August September Sales $ 32,000 $ 40,000 $ 44,000 Purchas...
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