Lewellen Products has projected the following sales for the coming year: Sales i

Question

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

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

Calculate payments to suppliers assuming that Lewellen 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 not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Explanation / Answer

As the company pays immediately, payable period in this case is zero (0.00)

Related Questions

Navigate

• Browse (All)
• Browse L
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.