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Gifts For All has projected sales for next year of: Q1 Q2 Q3 Q4 Sales $ 24,200 $ 26,400 $ 32,200 $ 40,700 Purchases are
Gifts For All has projected sales for next year of: Q1 Q2 Q3 Q4 Sales $ 24,200 $ 26,400 $ 32,200 $ 40,700 Purchases are equal to 65 percent of next quarter's sales. Each month has 30 days, the accounts receivable period is 36 days, and the accounts payable period is 39 days. How much will the company pay suppliers in the third quarter
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