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:

Societal Integration

The process by which individuals and groups come together within a society, creating a unified community.

Patriarchy

is the traditional system of economic and political inequality between women and men in most societies.

Macrostructures

Large-scale social structures that influence society and its institutions, such as economies, political systems, and cultural norms.

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