Question 5 (1 point) In a given quarter, a company buys inventories from suppliers in an amount equal to 52% of the following quarter's forecasted sales. Sales of the first quarter are projected to be $31,110. The company has a payables period of 90 days. Sales of the second quarter are projected to increase at 25.98% from the first. Total wages, taxes, and other expenses are projected to equal 10.98% of the projected sales. The dividends and interest payments are projected to be $163 per quarter. Assuming a quarter of 90 days, what is the company's total cash payments in the first quarter? $19,262 $19,756 $20,250 $20,744 $21,238 Previous Page Next Page Page 5 of 25 MacBook Air