All That Remains Products has projected sales for next year of:Q1Q2Q3Q4Sales $76,100 $ 79,850 $ 86,550 $ 93,600The company places orders each quarter that are 53 percent of thefollowing quarter's sales and has a 60-day payables period. What is theaccounts payable balance at the end of the third quarter? OOOOO$15,291$14,107$33,072$24,181$16,536

Purchases in Q3= Sales in Q4 * 53%= 93600*.53= 49608

Answered: All That Remains Products has projected…

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

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