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JoAnn Manufacturing has projected the following sales for the coming year: The company places orders each quarter that are 30 percent of the following quarter's
JoAnn Manufacturing has projected the following sales for the coming year:
The company places orders each quarter that are 30 percent of the following quarter's sales and has a 30-day payables period. What is the payment of accounts for the third quarter?
Q1 Q2 Sales Q3 Q4 $53,475 $59,725 $68,775 $ 74,050Step by Step Solution
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