The wire house purchases its inventory one quarter prior to


The Wire House purchases its inventory one quarter prior to the quarter of sale. The purchase price is 65 percent of the sales price. The accounts payable period is 45 days. The accounts payable balance at the beginning of Quarter 1 is $29,000. What is the amount of the expected disbursements for Quarter 2 given the following expected quarterly sales?

Quarter 1: $26,000

Quarter 2: $32,000

Quarter 3: $39,100

Quarter 4: $46,100

a. $33,500

b. $20,100

c. $23,108

d. $21,500

e. $26,600

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Financial Management: The wire house purchases its inventory one quarter prior to
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