JoAnn Manufacturing has projected the following sales for the coming year 01 02 03 04 Sales $ 53,475 $59,725 $ 68,775 $ 74,050 The company places orders each quarter that are 30 percent of the following quarter's sale for the third quarter? Mutiple Choice $21.360.00 12168750 $22.22969 $1972750 a 30-day payables period. What is the payment of accounts

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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JoAnn Manufacturing has projected the following sales for the coming year
01
02
03
04
Sales $53,475 $59,725 $ 68,775 $ 74,050
The company places orders each quarter that are 30 percent of the following quarter's sales and has a 30-day payables period. What is the payment of accounts
for the third quarter?
Mutiple Choice
O
$21.360.00
121687.50
$22.22969
$19,72750
Transcribed Image Text:JoAnn Manufacturing has projected the following sales for the coming year 01 02 03 04 Sales $53,475 $59,725 $ 68,775 $ 74,050 The company places orders each quarter that are 30 percent of the following quarter's sales and has a 30-day payables period. What is the payment of accounts for the third quarter? Mutiple Choice O $21.360.00 121687.50 $22.22969 $19,72750
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