Weisbro and Sons purchase their inventory one quarter prior to the quarter of sa

Question

Weisbro and Sons purchase their inventory one quarter prior to the quarter of sales. The purchase rpice is 60% of the sales price. The accounts paybale period is 60 days. The accounts paable balance at the beginning of quarter one is $27,500. What is the expected amount of the expected disbursement for quarter two given the following expected quarterly sales? Assume that a year has 360 days. Quarter 1 $31,000 Quarter 2 $34,000 Quarter 3 $42,000 Quarter 4 $51,000

$19,200

$20,400

$22,000

$25,200

$32,000

Explanation / Answer

$19,200

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