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MC algo 2 6 - 2 7 Calculating Payments JoAnn Manufacturing has projected the following sales for the coming year: Q 1 Q 2 Q

MC algo 26-27 Calculating Payments
JoAnn Manufacturing has projected the following sales for the coming year:
Q1 Q2 Q3 Q4
Sales $ 54,000 $ 60,600 $ 69,300 $ 74,750
The company places orders each quarter that are 25 percent of the following quarter's sales and has a 30-day payables period. What is the payment of accounts for the third quarter?
Multiple Choice
$17,779.17
$15,875.00
$18,689.17
$16,600.00
$18,233.33

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