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Natural Woods has 60 day accounts payable period. The firm has expected sales of $3,200, $3,800, $4,600 and $4,800, respectively, quarter for the next calendar
Natural Woods has 60 day accounts payable period. The firm has expected sales of $3,200, $3,800, $4,600 and $4,800, respectively, quarter for the next calendar year. The cost of goods sold for a quarter is equal to 60% of the next quarter sales. What is the amount of the projected cash disbursement for accounts payable for the third quarter of the next year? Assume that a year has 360 days.
$2,800 | ||
$2,880 | ||
$3,280 | ||
$3,360 |
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