Question
MC algo 18-32 Payments To Suppliers Gifts For All has projected sales for next year of: Q1 Q2 Q3 Q4 Sales $ 24,000 $ 26,200
MC algo 18-32 Payments To Suppliers
Gifts For All has projected sales for next year of:
| Q1 | Q2 | Q3 | Q4 | |||||||||
| Sales | $ | 24,000 | $ | 26,200 | $ | 31,900 | $ | 40,500 | ||||
Purchases are equal to 64 percent of next quarter's sales. Each month has 30 days, the accounts receivable period is 35 days, and the accounts payable period is 38 days. How much will the company pay suppliers in the third quarter?
Multiple Choice
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$19,564
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$22,740
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$23,596
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$23,780
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$18,876
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Practical financial management
Authors: William r. Lasher
5th Edition
0324422636, 978-0324422634
