Confusion Products has projected the following sales for the coming year: Q1 $62

Question

Confusion Products has projected the following sales for the coming year:

Q1 $620 Q2 $690 Q3 $860 Q4 $780

Sales in the year following this one are projected to be 15 percent greater in each quarter.

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.

1. What is the payables period in this case?

2. For payment of accounts:
Q1 $
Q2 $
Q3 $
Q4 $

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.

3. For payment of accounts:
Q1 $
Q2 $
Q3 $
Q4 $

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.

4. For payment of accounts:
Q1 $
Q2 $
Q3 $
Q4 $

Explanation / Answer

1) answer is ($780)

2) answer is (3 $)

3) answer is (3 $)

4) answer is (3 $)

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