Projected cash disbursements for accounts payable

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Nadine's Boutique has a 30 day accounts payable period. The firm has expected quarterly sales of $1, 100, $1, 400, $1, 600, and $2, 100, respectively, for next year. The quarterly cost of goods sold is equal to 68 percent of the next quarter's sales. The firm has a beginning accounts payable balance of $550 as of Quarter 1. What is the amount of the projected cash disbursements for accounts payable for Quarter 3 of the next year? Assume a year has 360 days.

Reference no: EM131452774

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