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

question 77

Multiple Choice

Weisbro and Sons purchases its inventory one quarter prior to the quarter of sale. The purchase price is 60% of the sales price. The accounts payable period is 60 days. The accounts payable balance at the beginning of quarter one is $27,500. What is the amount of the expected disbursements for quarter two given the following expected quarterly sales? Assume that a year has 360 days.

• A) $19,200
• B) $20,400
• C) $22,000
• D) $25,200
• E) $32,000

---

Definitions:

Hippocampus

A major component of the brain located in the medial temporal lobe, playing important roles in the consolidation of information from short-term to long-term memory and in spatial memory that enables navigation.

Remembering

The cognitive process of recalling information that has been previously learned or experienced.

Pleasurable Stimuli

External or internal inputs that produce feelings of enjoyment, satisfaction, or pleasure in an organism.

Limbic System

The Limbic System is a complex set of structures in the brain associated with emotions, memory, and arousal.