Brandeis, Inc has a 45-day accounts payable period. The firm has expected quarterly sales of $2,400, $2,800, $3,600, and $4,200, respectively, for the next calendar year. The cost of goods sold for a quarter is equal to 70% of the next quarter sales. The firm has a beginning payables balance of $1,200 as of quarter one. What is the amount of the projected cash disbursements for accounts payable for quarter 3 of the next year? Each quarter has 90 days. Multiple Choice O O $3,900 $2,730 $2,240 $2,870 $3,060
Brandeis, Inc has a 45-day accounts payable period. The firm has expected quarterly sales of $2,400, $2,800, $3,600, and $4,200, respectively, for the next calendar year. The cost of goods sold for a quarter is equal to 70% of the next quarter sales. The firm has a beginning payables balance of $1,200 as of quarter one. What is the amount of the projected cash disbursements for accounts payable for quarter 3 of the next year? Each quarter has 90 days. Multiple Choice O O $3,900 $2,730 $2,240 $2,870 $3,060
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter22: Providing And Obtaining Credit
Section: Chapter Questions
Problem 2MC
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![Brandeis, Inc has a 45-day accounts payable period. The firm has expected quarterly sales of $2,400, $2,800,
$3,600, and $4,200, respectively, for the next calendar year. The cost of goods sold for a quarter is equal to 70% of
the next quarter sales. The firm has a beginning payables balance of $1,200 as of quarter one. What is the amount
of the projected cash disbursements for accounts payable for quarter 3 of the next year? Each quarter has 90 days.
Multiple Choice
$3,900
$2,730
$2,240
$2,870
$3,060](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff2e31787-9421-430a-9f5c-162e1dbc5f14%2Ff59a93da-6ab2-4dbf-91da-1b9e0888793b%2F2gxcmco_processed.png&w=3840&q=75)
Transcribed Image Text:Brandeis, Inc has a 45-day accounts payable period. The firm has expected quarterly sales of $2,400, $2,800,
$3,600, and $4,200, respectively, for the next calendar year. The cost of goods sold for a quarter is equal to 70% of
the next quarter sales. The firm has a beginning payables balance of $1,200 as of quarter one. What is the amount
of the projected cash disbursements for accounts payable for quarter 3 of the next year? Each quarter has 90 days.
Multiple Choice
$3,900
$2,730
$2,240
$2,870
$3,060
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