Company X, purchases its inventory one quarter prior to the quarter of sale. The purchase price is 55% of the sales price. The accounts payable period is 30 days.
What is the amount of the expected disbursements for quarter two given the following expected quarterly sales? Assume that a year has 360 days. (Round answer to the nearest whole dollar, round intermediate calculations to 5 decimal places).
Quarter 1 $24,000
Quarter 2 $33,000
Quarter 3 $44,000
Quarter 4 $57,000