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All That Remains Products has projected sales for next year of: ...

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Accounting

All That Remains Products has projected sales for next year of:

Q1 Q2 Q3 Q4
Sales $ 75,800 $ 79,625 $ 86,400 $ 93,240

The company places orders each quarter that are 50 percent of the following quarter's sales and has a 60-day payables period. What is the accounts payable balance at the end of the third quarter?

Multiple Choice

  • $15,540

  • $31,080

  • $14,400

  • $22,740

  • $13,271

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