All That Remains Products has projected sales for next year of: Q1 Q2 Q3 Sales $ 76,100 $ 79,850 $ 86,550 Q4 $ 93,600 The company places orders each quarter that are 53 percent of the following quarter's sales and has a 60-day payables period. What is the accounts payable balance at the end of the third quarter?
All That Remains Products has projected sales for next year of: Q1 Q2 Q3 Sales $ 76,100 $ 79,850 $ 86,550 Q4 $ 93,600 The company places orders each quarter that are 53 percent of the following quarter's sales and has a 60-day payables period. What is the accounts payable balance at the end of the third quarter?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
![All That Remains Products has projected sales for next year of:
Q1
Q2
Q3
Q4
Sales $76,100 $ 79,850 $ 86,550 $ 93,600
The company places orders each quarter that are 53 percent of the
following quarter's sales and has a 60-day payables period. What is the
accounts payable balance at the end of the third quarter?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4d9f036e-8e9e-4b53-a30d-4091afb339b3%2F3180f7be-524d-4367-901f-8062c0586cc2%2Foc6nlkm_processed.jpeg&w=3840&q=75)
Transcribed Image Text:All That Remains Products has projected sales for next year of:
Q1
Q2
Q3
Q4
Sales $76,100 $ 79,850 $ 86,550 $ 93,600
The company places orders each quarter that are 53 percent of the
following quarter's sales and has a 60-day payables period. What is the
accounts payable balance at the end of the third quarter?
![O
O
O
O
O
$15,291
$14,107
$33,072
$24,181
$16,536](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4d9f036e-8e9e-4b53-a30d-4091afb339b3%2F3180f7be-524d-4367-901f-8062c0586cc2%2Fxixe72m_processed.jpeg&w=3840&q=75)
Transcribed Image Text:O
O
O
O
O
$15,291
$14,107
$33,072
$24,181
$16,536
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