A company has projected the following sales for the coming year: Q1=$ 53,775, Q2...
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A company has projected the following sales for the coming year: Q1=$ 53,775, Q2 = $ 60,225, Q3 =$ 69,075, and Q4=$ 74,450. The company places orders each quarter that are 30 percent of the following quarter's sales and has a 30-day payables period. What is the payment of accounts for the third quarter? Assume a month has 30 days.
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