9 Keedis Products has projected the following sales for the coming year: Q1 Q2 03 Q4 Sales $ 12,800 $ 13,350 $ 14,175 $ 15,425 The company places orders each quarter that are 35 percent of the following quarter's sales and has a 60-day payables period. What is the payment of accounts for the second quarter? Multiple Choice $3.307.50 $4,672.50 $4,865.00

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
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9
Keedis Products has projected the following sales for the coming year:
Q1
Q2
03
Q4
Sales $ 12,800 $ 13,350 $ 14,175 $ 15,425
The company places orders each quarter that are 35 percent of the following quarter's sales and has a 60-day payables period. What is the payment of
accounts for the second quarter?
Multiple Choice
$3.307.50
$4,672.50
$4,865.00
Transcribed Image Text:9 Keedis Products has projected the following sales for the coming year: Q1 Q2 03 Q4 Sales $ 12,800 $ 13,350 $ 14,175 $ 15,425 The company places orders each quarter that are 35 percent of the following quarter's sales and has a 60-day payables period. What is the payment of accounts for the second quarter? Multiple Choice $3.307.50 $4,672.50 $4,865.00
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