The Thunder Dan's Corporation's Purchases from Suppliers in a Quarter

question 1

Multiple Choice

The Thunder Dan's Corporation's purchases from suppliers in a quarter are equal to 65 percent of the next quarter's forecasted sales.The payables period is 60 days.Wages, taxes, and other expenses are 16 percent of sales, and interest and dividends are $60 per quarter.No capital expenditures are planned.Sales for the first quarter of the following year are projected at $720.The projected quarterly sales are: What is the amount of the total disbursements for Quarter 2?

• A)$564.27
• B)$579.43
• C)$582.15
• D)$585.30
• E)$590.67

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Definitions:

Descriptive Statistics

Statistics that summarize or describe the characteristics of a collection of data, including measures such as mean, median, mode, and standard deviation.

Measure Of Central Tendency

Statistical measures that summarize a data set by identifying the central position within that data set, including the mean, median, and mode.

Mean

A measure of central tendency in statistics, calculated as the sum of all values divided by the number of values.

Measure Of Variation

A statistical metric that indicates the extent to which data points in a data set diverge from the average or mean value.