In a given quarter, a company buys inventories from suppliers in an amount equal to 37% of the following quarter's forecasted sales. Sales of the first quarter are projected to be $46,120. The company has a payables period of 120 days. Sales of the second quarter are projected to increase at 34.10% from the first, while sales of the third quarter are projected to increase at 14.30% from the second. Assuming a quarter of 90 days, what is total cash payment made in the third quarter for inventory purchases? $24,438 $25,065 $25,692 $26,318 $26,945 Page 20 of 25 Previous Page Next Page MacBook Air In a given quarter, a company buys inventories from suppliers in an amount equal to 37% of the following quarter's forecasted sales. Sales of the first quarter are projected to be $46,120. The company has a payables period of 120 days. Sales of the second quarter are projected to increase at 34.10% from the first, while sales of the third quarter are projected to increase at 14.30% from the second. Assuming a quarter of 90 days, what is total cash payment made in the third quarter for inventory purchases? $24,438 $25,065 $25,692 $26,318 $26,945 Previous Page Next Page Page 20 of 25