Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Brandeis, Inc has a 45 -day accounts payable period. The firm has expected quarterly sales of $2,400,$2,800,$3,600, and $4,200, respectively, for the next calendar year.

image text in transcribed
Brandeis, Inc has a 45 -day accounts payable period. The firm has expected quarterly sales of $2,400,$2,800,$3,600, and $4,200, respectively, for the next calendar year. The cost of goods sold for a quarter is equal to 55% of the next quarter sales. The firm has a beginning payables balance of $1,200 as of quarter one. What is the amount of the projected cash disbursements for accounts payable for quarter 3 of the next year? Each quarter has 90 days. $2,000 $2,145 $2,290 $2,465 $2,850

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A Complete Guide To Environmental Audits Self Policing For Environmental Protection

Authors: Elizabeth Glass Geltman

1st Edition

1570733813, 978-1570733819

More Books

Students also viewed these Accounting questions

Question

LO 2-6 How to create audience benefits.

Answered: 1 week ago

Question

General Purpose of Your Speech Analyzing Your Audience

Answered: 1 week ago

Question

Ethical Speaking: Taking Responsibility for Your Speech?

Answered: 1 week ago