Question
All That Remains Products has projected sales for next year of: Q1 Q2 Q3 Q4 Sales $ 77,400 $ 80,825 $ 87,200 $ 95,160 The
All That Remains Products has projected sales for next year of:
| Q1 | Q2 | Q3 | Q4 | |||||||||
| Sales | $ | 77,400 | $ | 80,825 | $ | 87,200 | $ | 95,160 | ||||
The company places orders each quarter that are 66 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?
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The Oxford Handbook Of Quantitative Asset Management
Authors: Bernd Scherer, Kenneth Winston
1st Edition
0199553432, 978-0199553433
