ALPHA, Inc. sells all of its products on credit. Purchases are 60% of the sales for the following quarter. The rm uses a 365 -day year and account averages where applicable in their computations. The nancial manager of the firm provides the following relevant information: Accounts receivable period Inventory period Accounts payable period Account Sales Wages Overhead expenses Dividends Interest expense Quarter 1 $7,000 $2,000 $500 $125 $350 37 days 51 days 42 days Quarter 2 $6,000 $1,500 $400 $125 $150 Quarter 3 $8,000 $2,000 $500 $125 $200 Quarter 4 $9,000 $2,500 $600 $125 $300 167. What is the amount of the total disbursements for Quarter 3? A) $7,625 B) $7,375 C) $7,945 D) 33,225 E) $3,475 Ans: C Level: Intermediate Subject: Total Disbursements Type: Problems 168. What is the accounts receivable balance at the end of Quarter 1? A) $2,467 B) $2,373 C) $3,333 D) $3,533 E) $4,122 Ans: B Level: Basic Subject: Accounts Receivable Balance Type: Problems 169. What is the amount of the cash collections in Quarter 4? A) $3,000 19) $3,411 C) $3,537 D) $3,539 E) $3,003 Ans: D Level: Intermediate Subject: Cash Collections Type: Problems 170. What is the net cash ow for Quarter 2? A) 34 B) $174 C) $239 D) $303 E) 3359 Ans: A Level: Intermediate Subject: Net Cash Inowr Type: Problems 171. What is the accounts payable balance at the beginning of Quarter 2'? A) $1,420 B) $1,680 C) $1,920 D) 32,240 E) $2,530