Company x purchases all its required inventory exactly 1

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Company x purchases all its required inventory exactly 1

Reference no: EM13597605

Company X purchases all its required inventory exactly 1 quarter prior to the quarter of sale. The cost of inventory is 70% of the sales price. Quarter 1's accounts payable balance is $25000, and the accounts payable period is 60 days. What are the expected cash disbursements for quarter 2, given these sails:
Q1: $60000
Q2: $65000
Q3: $33000

Reference no: EM13597605

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