Question
All That Remains Products has projected sales for next year of: Q1 Q2 Q3 Q4 Sales $ 75,900 $ 79,700 $ 86,450 $ 93,360 The
All That Remains Products has projected sales for next year of:
| Q1 | Q2 | Q3 | Q4 | |||||||||
| Sales | $ | 75,900 | $ | 79,700 | $ | 86,450 | $ | 93,360 | ||||
The company places orders each quarter that are 51 percent of the following quarter's sales and has a 60-day payables period. What is the accounts payable balance at the end of the third quarter?
Multiple Choice:
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$23,219
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$13,549
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$15,871
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$31,742
-
$14,697
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Recent Advances In Computational Finance
Authors: Nikolaos S. Thomaidis, Jr. Dash, Gordon H.
1st Edition
1626181233, 978-1626181236
