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Birds Unlimited has a 45-day accounts payable period. The firm has expected quarterly sales of $1,227, $1,960, $2,486, and $3,122 over the next calendar year.
Birds Unlimited has a 45-day accounts payable period. The firm has expected quarterly sales of $1,227, $1,960, $2,486, and $3,122 over the next calendar year. The cost of goods sold for a quarter is equal to 68% of the next quarter sales. Assume that a year has 360 days.
What is the amount of the projected cash disbursements for accounts payable for Quarter 2 of the next year?
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