Question

Purchases are equal to 62 percent of next quarter's sales. Each month has 30 days, the accounts receivable period is 39 days, and the accounts payable period is 42 days. How much will the company pay suppliers in the third quarter

Answer 1

The answer is "24415.14".

Step-by-step explanation:

please find the complete question in the attached file.

Payment for
`Q_2` purchases to supplier:

`\to 28,600 * (62\%)/(90) * 42 \\\\\to 28,600 * (0.62)/(90) * 42 \\\\\to (17732)/(90) * 42 \\\\\to 197.02 * 42 \\\\\to 8274.84`

Payment for
`Q_3` purchases to supplier:

`\to 35,500 * (62\%)/(90) * 66\\\\\to 35,500 * (0.62)/(90) * 66\\\\\to (22,010)/(90) * 66\\\\\to (22,01)/(9) * 66\\\\\to 244.55 * 66\\\\\to 16140.3`

Third quarter payment=
`8274.84+16140.3\ = 24415.14`