Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. joann manufacturing has projected the following sa

JoAnn Manufacturing has projected the following sales for the coming year: Q1 Q2 Q3...

80.2K

Verified Solution

Question

Finance

JoAnn Manufacturing has projected the following sales for the coming year:

Q1 Q2 Q3 Q4 Sales $ 54,600 $ 61,600 $ 69,900 $ 75,550

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?

$16,783.33

$18,416.67

$16,091.67

$17,945.83

$18,877.08

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Psychology
1.2K views

Is it pleasant or unpleasant to be human services worker and why whether it’s pleasant or unpleasant

Economics
1.2K views

Question 7) Why are the Chinese skeptical about democracy?

Accounting
1.2K views

Management bookkeeper/accountant can contribute in following manners towards cost transformaton of an organisation : -By causing a...

Biology
1.2K views

17 Which step shows the restriction enzyme EcoRI being used to extract cut a piece...

Physics
1.2K views

The earth receives on its surface radiation from the sun at the rate of 1400...

Physics
1.2K views

A particle moves along a circular arc of radius R making an angle of 0...

Statistics
1.2K views

Consider the data set given below 34 47 31 23 20 41 28 10 22...

Accounting
1.2K views

. The state of mind that characterizes the auditors' appropriate questioning and critical assessment of...

Accounting
1.2K views

Polarix is a retailer of ATVs (all-terrain vehicles) and accessories. An income statement for its...

Accounting
1.2K views

If the ARR of the project is less than the minimum desired rate of return,...

Accounting
1.2K views

Tano Company issues bonds with a par value of $88,000 on January 1, 2019. The...

Accounting
1.2K views

During the year ending 30 June 2022, Prof Financial Advisory Service reports cash revenue of...