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

question 86

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: $$\begin{array} { l r r r r } & \underline { \mathrm { Q } 1 } & \underline { \mathrm { Q } 2 } & \underline { \mathrm { Q } 3 } & \underline { \mathrm { Q } 4 } \\\text { Sales } & \$ 690 & \$ 660 & \$ 590 & \$ 560\end{array}$$ 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:

Permeable

A characteristic of materials that allows liquids or gases to pass through them due to the presence of tiny holes or pores.

Proteoglycans

Large molecules composed of proteins and glycosaminoglycans that provide structural support in cellular matrices.

Extracellular Matrix

A complex network of proteins and carbohydrates outside the cell that provides structural and biochemical support to surrounding cells.

Amino Sugars

A type of sugar molecule that contains an amino group in place of a hydroxyl group, found in many biopolymers and glycoproteins.