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Allison Adventures Has the Following Estimated Sales

Question 2

Multiple Choice

Allison Adventures has the following estimated sales:
Sales
Purchases are equal to 65 per cent of the following quarter's sales.The accounts receivable period is 30 days and the accounts payable period is 45 days.Assume that there are 30 days in each month.Allison Adventures will purchase _____ of goods in the third quarter and pay their suppliers _____ during the third quarter.


A) $2080;$2178
B) $1885;$2178
C) $2275;$2178
D) $1885;$1983
E) $2080;$1983

Correct Answer:

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