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Use the information below to answer the following question(s) .
Blaney Lumber's forecasted sales for April; May; June; and July are $200,000; $230,000; $190,000; and $240,000; respectively. Sales are 60% cash and 40% credit with all accounts receivables collected in the month following the sale. Cost of goods sold is 75% of sales and ending inventory is maintained at $60,000 plus 10% of the following month's cost of goods sold. All inventory purchases are paid 20% in the month of purchase and 80% in the following month.
-What are Blaney Lumber's budgeted cash payments in June for inventory purchases?
Smuggling
The illegal trade or transportation of goods, people, or contraband across borders, bypassing legal procedures or avoiding taxes and regulations.
White Americans
Individuals residing in the United States who identify as having origins in any of the original peoples of Europe, the Middle East, or North Africa.
Tecumseh
A Native American leader of the Shawnee and a large tribal confederacy which opposed the United States during Tecumseh's War and the War of 1812.
Speech to the Osage
refers to a specific historical address or set of remarks made to the Osage Nation, likely involving topics relevant to this Native American people and their interactions with the U.S. government or other entities.
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