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Amount of the expected disbursements for quarter

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Company X, purchases its inventory one quarter prior to the quarter of sale. The purchase price is 55% of the sales price. The accounts payable period is 30 days.

What is the amount of the expected disbursements for quarter two given the following expected quarterly sales? Assume that a year has 360 days. (Round answer to the nearest whole dollar, round intermediate calculations to 5 decimal places).

Quarter 1 $24,000

Quarter 2 $33,000

Quarter 3 $44,000

Quarter 4 $57,000

Reference no: EM131493402

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