1. Candy Supplies purchases are equal to 68 percent of the following quarter's sales. Assume each month has 30 days, the accounts receivable period is 30 days, and the accounts payable period is 45 days. The estimated quarterly sales for next year, starting with Quarter 1, are $38,900, $40,600, $58,900, and $69,200, respectively. How much will the firm pay its suppliers in the third quarter?
$41,379
$46,811
$44,514
$40,947
$43,554
2. As you match up the bond types to the investor you selected, be sure to note what characteristics of BOTH the bond and the type of investor that caused you to make that selection.
a) Corporate Bonds
b) Treasury Bonds
c) Municipal Bonds
d) High-Yield “junk” Bonds