Weisbro and Sons purchases its inventory one quarter prior to the quarter of sale. The purchase price is 58% of the sales price. The accounts payable period is 39 days.
What is the amount of the expected disbursements for quarter two given the following expected quarterly sales? Assume a 360-day year. (Round answer to 0 decimals, do not round intermediate calculations)
Quarter 1 $25,000
Quarter 2 $35,000
Quarter 3 $44,000
Quarter 4 $55,000