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In a given quarter, a company buys inventories from suppliers in an amount equal to 22% of the following quarter's forecasted sales. Sales of the

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In a given quarter, a company buys inventories from suppliers in an amount equal to 22% of the following quarter's forecasted sales. Sales of the first quarter are projected to be $31,060. The company has a payables period of 120 days. Sales of the second quarter are projected to increase at 26.40% from the first, while sales of the third quarter are projected to increase at 6.40% from the second. Assuming a quarter of 90 days, what is total cash payment made in the third quarter for inventory purchases? $9,006 $9,231 $9,456 $9,681 $9,906 MacBook Pro D 3 FO 7

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