Durango Co. pays 40% of its accounts payable in the month of purchase and 60% the following month. Durango Co. expects to purchase $40,000 of inventory on account in October and $100,000 on account in November. How much should Durango budget for cash disbursements for inventory for the month of November?
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Durango Co. pays 40% of its accounts payable in the month of purchase and 60% the following month. D...
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