Question
In: Finance
Wentworth Products has projected the following sales for the coming year: Q1 Q2 Q3 Q4 Sales...
|
Wentworth Products has projected the following sales for the coming year: |
| Q1 | Q2 | Q3 | Q4 | |
| Sales | $360 | $450 | $600 | $540 |
|
Sales in the year following this one are projected to be 10 percent greater in each quarter. |
| Calculate payments to suppliers assuming that the company places orders during each quarter equal to 25 percent of projected sales for the next quarter. Assume that the company pays immediately. |
| a. What is the payables period in this case? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) |
|
What are the payments to suppliers each quarter? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) |
|
b. Calculate payments to suppliers assuming that the company places orders during each quarter equal to 25 percent of projected sales for the next quarter. Assume a 90-day payables period. (Do not round intermediate calculations and round your answers to 2 decimal places e.g., 32.16.) |
|
c. Calculate payments to suppliers assuming that the company places orders during each quarter equal to 25 percent of projected sales for the next quarter. Assume a 60-day payables period. (Do not round intermediate calculations and round your answers to 2 decimal places e.g., 32.16.) |
Solutions
jeff jeffy answered 1 year agoRelated Solutions
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