Question
Gifts For All has projected sales for next year of: Q1 Q2 Q3 Q4 Sales $ 23,600 $ 25,800 $ 31,300 $ 40,100 Purchases are
Gifts For All has projected sales for next year of:
| Q1 | Q2 | Q3 | Q4 | |||||||||
| Sales | $ | 23,600 | $ | 25,800 | $ | 31,300 | $ | 40,100 | ||||
Purchases are equal to 62 percent of next quarter's sales. Each month has 30 days, the accounts receivable period is 33 days, and the accounts payable period is 36 days. How much will the company pay suppliers in the third quarter?
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The Global Financial Crisis What Have We Learnt
Authors: Steven Kates
1st Edition
0857934228, 978-0857934222
