The company places orders each quarter that are 59 percent of next quarter's sales and has a 30-day payables period. The projected sales for next year are:
Q1 Q2 Q3 Q4
Sales $54,450 $61,350 $69,750 $75,350
What is the accounts payable balance at the end of the second quarter?
Multiple Choice
$18,924
$12,066
$27,435
$13,718
$24,131
