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Nidia Trophies has projected sales of $38,000, $47,500, $52,700, and $85,000 for Quarters 1 through...

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Accounting

Nidia Trophies has projected sales of $38,000, $47,500, $52,700, and $85,000 for Quarters 1 through 4 of next year, respectively. Inventory is purchased at 58 percent of the sales price and is purchased one quarter prior to the quarter of sale. The accounts payable period is 45 days. The accounts payable balance at the beginning of the year is $72,000. What is the amount of the expected disbursements for the third quarter?

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