Question
All That Remains Products has projected sales for next year of: Q1 Q2 Q3 Q4 Sales $ 75,800 $ 79,625 $ 86,400 $ 93,240 The
All That Remains Products has projected sales for next year of:
| Q1 | Q2 | Q3 | Q4 | |||||||||
| Sales | $ | 75,800 | $ | 79,625 | $ | 86,400 | $ | 93,240 | ||||
The company places orders each quarter that are 50 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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$15,540
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$31,080
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$14,400
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$22,740
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$13,271
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Public Finance
Authors: Richard W. Tresch
3rd Edition
012415834X, 9780124158344
