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Gifts For All has projected sales for next year of: Q1 Q2 Q3 Q4 Sales $ 26,600 $ 28,800 $ 35,800 $ 43,100 Purchases are
Gifts For All has projected sales for next year of: Q1 Q2 Q3 Q4 Sales $ 26,600 $ 28,800 $ 35,800 $ 43,100 Purchases are equal to 57 percent of next quarter's sales. Each month has 30 days, the accounts receivable period is 34 days, and the accounts payable period is 37 days. How much will the company pay suppliers in the third quarter?
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