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Confusion Products has projected the following sales for the coming year: Sales Q1 $620 Q2 $690 Q3 $860 Q4 $780 Sales in the year following this one

This question was answered on Jan 07, 2013. View the Answer
calculating payments
Confusion Products has projected the following sales for the coming year: Q1 Q2 Q3 Q4 Sales $620 $690 $860 $780 Sales in the year following this one are projected to be 15 percent greater in each quarter. Requirement 1: Calculate payments to suppliers assuming that the company places orders during each quarter equal to 30 percent of projected sales for the next quarter. Assume that the company pays immediately. (a ) What is the payables period in this case? Pa ya bl es pe rio d (b ) For payment of accounts (Do not include the dollar signs ($). Round your answers to 2 decimal places (e.g., 32.16)) : Q1 Q2 Q3 Q4 Payment of accounts $ $ $ $ Requirement 2: Calculate payments to suppliers assuming that the company places orders during each quarter equal to 30 percent of projected sales for the next quarter. Assuming a 90-day payables period. (Do not include the dollar signs ($). Round your answers to 2 decimal places (e.g., 32.16).) Q1 Q2 Q3 Q4 Payment of accounts $ $ $ $ Requirement 3: Calculate payments to suppliers assuming that the company places orders during each quarter equal to 30 percent of projected sales for the next quarter. Assuming a 60-day payables period. (Do not include the dollar signs ($). Round your answers to 2 decimal places (e.g., 32.16).) Q1 Q2 Q3 Q4
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Payment of accounts $ $ $ $
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I am sure this should be... View the full answer

8418058.xlsx

Q4 Q3
860.00
234.00 Q4
780.00
213.90 Q2
258.00 Q3
234.00 Q4
213.90 Requirement 2: 90 day payable period
Q1
Payment on accounts
186.00 Q2
207.00 Q3
258.00 Q4
234.00 Requirement 3: 60 day payable...

This question was asked on Jan 06, 2013 and answered on Jan 07, 2013.

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