Workout Together Has Projected the Following Sales for the Coming

question 26

Multiple Choice

Workout Together has projected the following sales for the coming year:
Sales in the year following this one are projected to be 18 percent greater in each quarter.Assume the firm places orders during each quarter equal to 35 percent of projected sales for the next quarter.How much will the firm pay to its suppliers in Quarter 2 if its accounts payable period is 60 days?

• A) $212.67
• B) $241.33
• C) $291.67
• D) $351.33
• E) $356.67

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Definitions:

Electrical Charge

A physical property of particles or objects that causes them to attract or repel each other due to the presence of electric charge, either positive or negative.

Neuron

A cell dedicated to sending signals in the form of nerve impulses; known as a neuron.

Antagonist

A substance that interferes with or inhibits the physiological action of another, particularly in pharmacology referring to a drug that blocks the action of a neurotransmitter or hormone.

Excitatory Postsynaptic Potentials

Electrical changes in a neuron that increase the likelihood it will fire an action potential, usually in response to neurotransmitter release.