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JoAnn Manufacturing has projected the following sales for the coming year: Sales Q1 Q2 Q3 Q4 $53,700 $60,100 $69,000 $74,350 The company places orders each
JoAnn Manufacturing has projected the following sales for the coming year: Sales Q1 Q2 Q3 Q4 $53,700 $60,100 $69,000 $74,350 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 $16,508.33 $18,141.67 $15,766.67 $18,595.21 $17,695.83
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