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Kings Corporation has projected the following sales for the coming year: 16 Sales Q1 Q2 03 Q4 $15,050 $13,850 $14,675 $15,675 The company places orders

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Kings Corporation has projected the following sales for the coming year: 16 Sales Q1 Q2 03 Q4 $15,050 $13,850 $14,675 $15,675 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 $5,540.00 $5,860.00 $5,760.00 O $3,913.33 $5,650.00

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