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JoAnn Manufacturing has projected the following sales for the coming year: Q 1 Q 2 Q 3 Q 4 Sales $ 5 4 , 9

JoAnn Manufacturing has projected the following sales for the coming year:
Q1 Q2 Q3 Q4
Sales $ 54,900 $ 62,100 $ 70,200 $ 75,950
The company places orders each quarter that are 25 percent of the following quarter's sales and has a 30-day payables period. What is the payment of accounts for the third quarter?
Multiple Choice
$18,508.33
$18,971.04
$16,875.00
$16,200.00
$18,029.17
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