Question
In: Finance
All That Remains Products has projected sales for next year of: Q1 Q2 Q3 Q4 Sales...
All That Remains Products has projected sales for next year
of:
| Q1 | Q2 | Q3 | Q4 | |||||||||
| Sales | $ | 76,000 | $ | 79,775 | $ | 86,500 | $ | 93,480 | ||||
The company places orders each quarter that are 52 percent of the
following quarter's sales and has a 60-day payables period. What is
the accounts payable balance at the end of the third quarter?
Solutions
jeff jeffy answered 1 year agoRelated Solutions
Brunell Products has projected the following sales for the coming year: Q1 Q2 Q3 Q4...
Brunell Products has projected the following sales for the
coming year:
Q1
Q2
Q3
Q4
Sales
$480
$570
$720
$660
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?...
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...
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
$650
$740
$875
$805
Sales in the year following this one are projected to be 15
percent greater in each quarter.
a.
Assume that the company places orders during each quarter equal
to 30 percent of projected sales for the next quarter. Assuming
that the company pays immediately, what is the payables period?
(Do not round intermediate calculations and round your
answer to the...
Lewellen Products has projected the following sales for the coming year: Sales Q1:$ 970, Q2: $...
Lewellen Products has projected the following sales for the
coming year:
Sales Q1:$ 970, Q2: $ 1,050, Q3: $ 1,010, Q4: $ 1,110
Sales in the year following this one are projected to be 15
percent greater in each quarter.
a. 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. What is the payables period in this case?. (Do...
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...
Do all the Q1, Q2, Q3 and Q4 The cash budget is the primary tool used...
Do all the Q1, Q2, Q3 and Q4
The cash budget is the primary tool used in
short-term financial planning. As with many calculations, the sales
forecast is a primary input. As an example of the cash budgeting
process, we will use the Fun Toys Corporation. The sales
projections and other information provided are:
Q1
Q2
Q3
Q4
Sales
$ 200,000,000
$ 300,000,000
$ 250,000,000
$ 400,000,000
Beginning receivables:
$ 120,000,000
Receivables period (days):
45
With the receivables period shown, we can calculate
the percentage...
Production Budget Q1 Q2 Q3 Q4 Total Sales in Units 1,000 1,200 1,500...
Production Budget
Q1
Q2
Q3
Q4
Total
Sales in Units
1,000
1,200
1,500
2,000
5,700
Add: Desired Ending Inv.
240
300
400
400
400
Total Needs
1,240
1,500
1,900
2,400
6,100
Less:Beginning Inv.
180
240
300
400
180
Units to be produced
1,060
1,260
1,600
2,000
5,92
The Direct Materials Budget tells management how much...
The Litzenberger Company has projected the following quarterly sales amounts for the coming year: Q1 Q2...
The Litzenberger Company has projected the following quarterly
sales amounts for the coming year: Q1 Q2 Q3 Q4 Sales $ 790 $ 820 $
900 $ 980 a. Accounts receivable at the beginning of the year are
$380. The company has a 45-day collection period. Calculate cash
collections in each of the four quarters by completing the
following: (Do not round intermediate calculations and round your
answers to 2 decimal places, e.g., 32.16. A negative answer should
be indicated by...
The Geller Company has projected the following quarterly sales amounts for the coming year: Q1 Q2...
The Geller Company has projected the following quarterly sales
amounts for the coming year:
Q1
Q2
Q3
Q4
Sales
$420
$480
$540
$690
a.
Accounts receivable at the beginning of the year are $270. The
company has a 45-day collection period. Calculate cash collections
in each of the four quarters by completing the following:
(Do not round intermediate calculations and round your
answers to the nearest whole number, e.g., 32.)
b.
Accounts receivable at the beginning of the year...
The Doak Company has projected the following quarterly sales amounts for the coming year: Q1 Q2...
The Doak Company has projected the following quarterly sales
amounts for the coming year: Q1 Q2 Q3 Q4 Sales $3,900 $4,700 $4,300
$3,600 Accounts receivable at the beginning of the year are
$1,700.
a. The company has a 45-day collection period. Calculate cash
collections in each of the four quarters by completing the
following: (Do not round intermediate calculations and round your
answers to the nearest whole number, e.g., 32.)
b. The company has a 60-day collection period. Calculate cash...
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