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14.Natural Woods has a 60 day accounts payable period. The firm has expected sales of $3,200, $3,800, $4,600, and $4,800, respectively, by quarter for the
14.Natural Woods has a 60 day accounts payable period. The firm has expected sales of $3,200, $3,800, $4,600, and $4,800, respectively, by quarter for the next calendar year. The cost of goods sold for a quarter is equal to 60% of the next quarter sales. What is the amount of the projected cash disbursements for accounts payable for the third quarter of the next year? Assume that a year has 360 days.
A.$2,880
B.$3,280
C.$3,360
D.$2,800
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