Business, 21.05.2021 17:50 zachcochran2007

Original Auto Parts has the following estimated sales. Purchases are equal to 70 percent of the following quarter's sales. The accounts payable period is 60 days. Sales
q1-15900
q2-16800
q3-17500
q4-16400
Assume there are 30 days in each month. How much will the firm owe its suppliers at the end of the quarter :
a) $3,718
b) $3,967
c) $5,502
d) $7,653
e) $8,933

Answers: 2

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