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Nelson Optical Purchases Its Inventory One Quarter Prior to the Quarter

Question 127

Multiple Choice

Nelson Optical purchases its inventory one quarter prior to the quarter of sale. The purchase price is 55% of the sales price and the accounts payable period is 30 days. What is the amount of the expected disbursements for quarter three given the following expected quarterly sales? Nelson Optical purchases its inventory one quarter prior to the quarter of sale. The purchase price is 55% of the sales price and the accounts payable period is 30 days. What is the amount of the expected disbursements for quarter three given the following expected quarterly sales?   A)  $35,200 B)  $37,400 C)  $43,450 D)  $47,850 E)  $49,600


A) $35,200
B) $37,400
C) $43,450
D) $47,850
E) $49,600

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