Weisbro and Sons purchases its inventory one quarter prior to the quarter of sale. The purchase price is 60 percent of the sales price. The accounts payable period is 60 days. The accounts payable balance at the beginning of Quarter 1 is $28,600. What is the amount of the expected disbursements for Quarter 2 given the following expected quarterly sales? Quarter 1:$ 81,000Quarter 2:$ 122,000Quarter 3:$ 114,000Quarter 4:$ 123,000 $71,600 $ 65,400 $73,400 $70,000 $48, 600

Weisbro and Sons purchases its inventory one quarter prior to the quarter of sale. The purchase price is 60 percent of the sales price. The accounts payable period is 60 days. The accounts payable balance at the beginning of Quarter 1 is $28,600. What is the amount of the expected disbursements for Quarter 2 given the following expected quarterly sales? Quarter 1:$ 81,000Quarter 2:$ 122,000Quarter 3:$ 114,000Quarter 4:$ 123,000 $71,600 $ 65,400 $73,400 $70,000 $48, 600

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 11P: Negus Enterprises has an inventory conversion period of 50 days, an average collection period of 35...

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