Birds unlimited has an accounts payable period of 60 days. The firm has expected sales of $17,800, $22,100, $24,400 and $28,800, respectively, by quarter for the next calendar year. The purchases for a quarter are equal to 65 percent of the following quarter's sales. What is the amount of the projected cash disbursements for accounts payable for quarter 3? assume a 360-day year. $11,126. 67 $16,813. 33 $12,693. 33 $17,125. 50 $12,250. 33
