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Acme Co. has projected the following sales for 2019: Q1 = $870 Q2 = $920 Q3...

Acme Co. has projected the following sales for 2019: Q1 = $870 Q2 = $920 Q3 = $850 Q4 = $950 Sales for each quarter in 2020 are projected to be 20 percent greater than the previous quarter (ie. Q1 2020 is projected to be 20% higher than Q4 2019). Calculate expected payments to suppliers in each quarter for 2019, assuming: 1) Acme places orders during each quarter equal to 40 percent of projected sales for the next quarter. For example, if Q1 2020 sales are expected to be $1140, then purchases in Q4 of 2019 would be estimated to be $1140 x 0.4 = $456 2) Acme's average days of payables is 90 days.

Q1 payments =

Q2 payments =

Q3 payments =

Q4 payments =

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jeff jeffy answered 1 year ago
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