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The Thunder Dan's Corporation's Purchases from Suppliers in a Quarter

Question 106

Multiple Choice

The Thunder Dan's Corporation's purchases from suppliers in a quarter are equal to 65 percent of the next quarter's forecasted sales.The payables period is 60 days.Wages,taxes,and other expenses are 16 percent of sales,and interest and dividends are $60 per quarter.No capital expenditures are planned.Sales for the first quarter of the following year are projected at $720.The projected quarterly sales are: The Thunder Dan's Corporation's purchases from suppliers in a quarter are equal to 65 percent of the next quarter's forecasted sales.The payables period is 60 days.Wages,taxes,and other expenses are 16 percent of sales,and interest and dividends are $60 per quarter.No capital expenditures are planned.Sales for the first quarter of the following year are projected at $720.The projected quarterly sales are:   What is the amount of the total disbursements for Quarter 2? A)  $564.27 B)  $579.43 C)  $582.15 D)  $585.30 E)  $590.67
What is the amount of the total disbursements for Quarter 2?


A) $564.27
B) $579.43
C) $582.15
D) $585.30
E) $590.67

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