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Business, 18.07.2019 09:40 isiahamccoy8822

Sophia, inc. is preparing its cash budget for the fourth quarter. the inventory manager advises that materials purchases will be $40,000 in october and will increase by 25% for each month thereafter due to the holiday season. sophia's purchases in september were $32,000. sophia pays for purchases 50% in the month after sale and 50% in the 2nd month after the sale. what are sophia's budgeted cash payments for purchases in november?

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