Amount of the projected cash disbursements

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Reference no: EM131347140

Nadine's Boutique has a 30-day accounts payable period. The firm expects quarterly sales of $3,300, $3,400, $4,600, and $4,100, respectively, for next year. The quarterly cost of goods sold is equal to 70 percent of the next quarter's sales. The firm has a beginning accounts payable balance of $975 as of quarter 1. What is the amount of the projected cash disbursements for accounts payable for quarter 3 of next year? Assume a year has 360 days.

$2,940.00

$2,203.33

$2,546.67

$2,986.67

$2,380.00

Reference no: EM131347140

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