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MC algo 18-26 Calculating Payments Keedis Products has projected the following sales for the coming year:...

MC algo 18-26 Calculating Payments

Keedis Products has projected the following sales for the coming year:

Q1 Q2 Q3 Q4
Sales $ 11,900 $ 13,150 $ 13,975 $ 15,325


The company places orders each quarter that are 25 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

  • $3,287.50

  • $2,329.17

  • $3,356.25

  • $3,079.17

  • $3,425.00

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