Question
MC algo 18-27 Calculating Payments JoAnn Manufacturing has projected the following sales for the coming year:...
MC algo 18-27 Calculating Payments
JoAnn Manufacturing has projected the following sales for the
coming year:
| Q1 | Q2 | Q3 | Q4 | |||||||||
| Sales | $ | 54,300 | $ | 61,100 | $ | 69,600 | $ | 75,150 | ||||
The company places orders each quarter that are 25 percent of the
following quarter's sales and has a 30-day payables period. What is
the payment of accounts for the third quarter?
Multiple Choice
-
$18,783.13
-
$18,325.00
-
$16,691.67
-
$17,862.50
-
$15,983.33
Homework Answers
Answer #1
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