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The Three Stooges Has the Following Estimated Sales

question 61

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The Three Stooges has the following estimated sales. The Three Stooges has the following estimated sales.   Purchases are equal to 75 percent of the following quarter's sales.The accounts payable period is 45 days.Assume each month has 30 days.What is the estimated accounts payable balance at the end of quarter 2? A) $6,300 B) $6,520 C) $6,624 D) $4,901 E) $4,200 Purchases are equal to 75 percent of the following quarter's sales.The accounts payable period is 45 days.Assume each month has 30 days.What is the estimated accounts payable balance at the end of quarter 2?


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