Question
MC algo 18-26 Calculating Payments Keedis Products has projected the following sales for the coming year: Q1 Q2 Q3 Q4 Sales $ 11,900 $ 13,150
MC algo 18-26 Calculating Payments
Keedis Products has projected the following sales for the coming year:
| Q1 | Q2 | Q3 | Q4 | |||||||||
| Sales | $ | 11,900 | $ | 13,150 | $ | 13,975 | $ | 15,325 | ||||
The company places orders each quarter that are 25 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
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$3,287.50
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$2,329.17
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$3,356.25
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$3,079.17
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$3,425.00
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Fundamentals of Investments Valuation and Management
Authors: Bradford D. Jordan, Thomas W. Miller
5th edition
978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292
