Birds Unlimited has a 45 day accounts payable period.The firm has expected sales for Quarters 1 through 4 of next year of $1,800,$2,100,$2,400,and $2,800,respectively.The cost of goods sold for a quarter is equal to 65 percent of the next quarter's sales.What is the amount of the projected cash disbursements for accounts payable for Quarter 2? Assume a 360 day year.
A) $1,125.00
B) $1,462.50
C) $1,690.00
D) $2,125.50
E) $2,250.00
Correct Answer:
Verified
Q57: Baker Industries has a 45 day accounts
Q58: A firm currently has a 36 day
Q59: Brooke Industries has sales of $860,000 and
Q60: Dywer Metals has an inventory turnover of
Q61: Toni's has a net cash inflow for
Q63: Jupiter stores had a Quarter 2 beginning
Q64: Fourth Bank offers Auto Corner a $150,000
Q65: Smithfield's has a line of credit with
Q66: On April 1st,a firm had a beginning
Q67: Snow Mountain Resort had a beginning cash
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents