Essay Questions:
Birds unlimited has a 45-day accounts payable period. The firm has expected sales of $1,800, $2,100, $2,400, and $2,800, respectively, by quarter for the next calendar year. The cost of goods sold for a quarter is equal to 65% of the next quarter sales. What is the amount of the projected cash disbursements for accounts payable for Quarter 2 of the next year? Assume that a year has 360 days.