Eastland, Inc

Eastland, Inc. purchases their inventory one quarter prior to the quarter of sale. The purchase price is 50% of the sales price. The accounts payable period is 30 days. The accounts payable balance at
The beginning of quarter one is $28,000. What is the amount of the expected disbursements for
Quarter three given the following expected quarterly sales?

A) $20,500.00
B) $23,666.67
C) $24,833.33
D) $26,000.00
E) $31,833.33