The thomas-nadal co has the following estimated sales q1, Ask an Expert

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The Thomas-Nadal Co. has the following estimated sales: Q1 Sales $3,800 Q2 $3,300 Q3 $2,800 Q4 $4,400 Purchases are equal to 67% of the following quarter's sales. The accounts receivable period is 45 days and the accounts payable period is 60 days.

Assume that there are 30 days in each month. Thomas-Nadal will purchase _____ of goods in quarter 3 and pay their suppliers _____ during quarter 3.

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Financial Management, Finance

Category:- Financial Management
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