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

question 43

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. Quarter 1 $\quad \$ 31,000$
Quarter $2 \quad \$ 34,000$
Quarter $3 \quad \$ 42,000$
Quarter $4 \quad \$ 51,000$

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

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Definitions:

Ethical Imperatives

Intended to shape or guide behavior by expressing core values and beliefs about what is morally right or morally wrong. Ethical imperatives express behavioral ideals and moral principles by pointing out what we ought to do or ought to refrain from doing.

Core Values

Fundamental beliefs or guiding principles that dictate behavior and action within an organization or individual.

Morally Right

Acting in accordance with ethical principles and recognized standards of good behavior.

Morally Wrong

Actions or decisions that are considered unethical or evil based on moral principles or societal norms.