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Sales:Q1$25,200 Q2$27,400 Q3$33,700 Q4$41,700 Purchases are equal to 70 percent of next quarter's sales. Each month has 30 days, the accounts receivable period is 41
Sales:Q1$25,200 Q2$27,400 Q3$33,700 Q4$41,700
Purchases are equal to 70 percent of next quarter's sales. Each month has 30 days, the accounts receivable period is 41 days, and the accounts payable
period is 44 days. How much will the company pay suppliers in the third quarter?
Multiple Choice
$26,452
26,639
$26,328
$25,804
$21,434
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Public Finance In Canada
Authors: Harvey Rosen, Beverly George Dahlby, Roger Smith, Jean-Francois Wen, Tracy Snoddon
3rd Canadian Edition
0070951659, 978-0070951655
