Augustino's has the following estimated sales.
Purchases are equal to 64 percent of the following quarter's sales. The accounts receivable period is 45 days and the accounts payable period is 60 days. Assume thereare 30 days in each month. How much will the firm pay its suppliers in the third quarter?
Q1. $9,800 Q2. 10,700 Q3.12,400 Q4. 14,600