Question
Original Auto Parts has the following estimated sales. Purchases are equal to 70 percent of the following quarter's sales. The accounts payable period is 60
Original Auto Parts has the following estimated sales. Purchases are equal to 70 percent of the following quarter's sales. The accounts payable period is 60 days.
sales
q1-15900
q2-16800
q3-17500
q4-16400
Assume there are 30 days in each month. How much will the firm owe its suppliers at the end of quarter 3?
$3,718
$3,967
$5,502
$7,653
$8,933
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Labour Finance And Inequality
Authors: Suzanne J. Konzelmann, Simon Deakin, Marc Fovargue-Davies, Frank Wilkinson
1st Edition
1138919721, 978-1138919723
