Abbott amp costello has the following estimated sales first, Financial Management

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Abbott amp costello has the following estimated sales first

Abbott & Costello has the following estimated sales: first quarter $8,100, second quarter $8,600, third quarter $9,500 & fourth quarter $11,200. Purchases are equal to 75 percent of the following quarter's sales. What is the estimated amount of purchases for quarter 2?

A. $5,209

B. $5,508

C. $5,848

D. $7,125

E. $7,720

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Financial Management: Abbott amp costello has the following estimated sales first

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