The statement (Line 85) next shows forecasted materials purchases, which equal60% of the following month’s sales. EPC buys on terms of net 30, meaning that itreceives no discounts and is required to pay for its purchases within 30 days of thepurchase date. The purchases information is followed by forecasted payments for materials, labor, leases, other payments such as dividends and interest on longtermbonds, taxes (due in September and December), and a payment of $150 million in September for a new plant that is being constructed.
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