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Question(s) / Instruction(s):

 Purchases for May were $100,000, while expected purchases for June and July are $110,000 and $125,000, respectively. All purchases are paid 25% in the month of purchase and 75% the following month. At what amount are June payments for purchases budgeted?  

A             $102,500

B             $107,500

C             $110,000

D             $121,250

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