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Keedis Products has projected the following sales for the coming year: Q 1 Q 2 Q 3 Q 4 Sales $ 1 1 , 4

Keedis Products has projected the following sales for the coming year:
Q1 Q2 Q3 Q4
Sales $ 11,450 $ 13,050 $ 13,875 $ 15,275
The company places orders each quarter that are 40 percent of the following quarter's sales and has a 60-day payables period. What is the payment of accounts for the second quarter?
Multiple Choice
$5,220.00
$5,440.00
$4,793.33
$3,700.00
$5,330.00

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