ALPHA, Inc. sells all of its products on credit. Purchases are 60% of the sales for the following quarter. The firm uses a 365-day year and account averages where applicable in its computations.
The financial manager of the firm provides the following relevant information: 
What is the amount of purchases in Quarter 2?
A) $3,600
B) $4,000
C) $4,800
D) $5,400
E) $6,000
Correct Answer:
Verified
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