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The company places orders each quarter that are 58 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 58 percent of next quarter's sales and has a 30-day payables period. The projected sales for next year are: Q1 Q4 Sales $ 54,375 $ 61,225 $ 69,675 $ 75,250 Q2 Q3 What is the accounts payable balance at the end of the second quarter? $11.837 $18,572 $23,674 $13,471 $26.941

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