Question
The company places orders each quarter that are 66 percent of next quarter's sales and has a 30-day payables period. The projected sales for next
The company places orders each quarter that are 66 percent of next quarter's sales and has a 30-day payables period. The projected sales for next year are:
| Q1 | Q2 | Q3 | Q4 | |||||||||
| Sales | $ | 54,975 | $ | 62,225 | $ | 70,275 | $ | 76,050 | ||||
What is the accounts payable balance at the end of the second quarter?
$13,690
$21,420
$30,921
$27,379
$15,461
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Corporate And Project Finance Modeling Theory And Practice
Authors: Edward Bodmer
1st Edition
1118854365, 9781118854365
