Weisbro and Sons Purchases Its Inventory One Quarter Prior to the Quarter

question 20

Multiple Choice

Weisbro and Sons purchases its inventory one quarter prior to the quarter of sale.The purchase price is 57 percent of the sales price.The accounts payable period is 60 days.The accounts payable balance at the beginning of Quarter 1 is $27,500.Sales for Quarters 1 through 4 are expected to be $46,400,$51,900,$57,800,and $62,500,respectively.What is the amount of the expected disbursements for Quarter 3? Assume a 360-day year.

• A)$29,202
• B)$30,451
• C)$33,839
• D)$28,800
• E)$31,407

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Definitions:

Hippocampus

A key structure in the brain involved in the formation of new memories and is closely associated with learning and emotions.

Cortisol

A steroid hormone released by the adrenal glands in response to stress and low blood-glucose concentration, involved in metabolic functions.

Memory

The faculty by which the mind stores and remembers information, allowing for the retention and recall of past experiences.

Prolonged Stress

A condition of experiencing continuous stress over an extended period, which can lead to various physical and mental health issues.