Sexton Corp. has projected the following sales for the coming year:
Q1 Q2 Q3 Q4
Sales $810 $...
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Business, 08.03.2021 20:00, webbhlharryteach
Sexton Corp. has projected the following sales for the coming year:
Q1 Q2 Q3 Q4
Sales $810 $880 $840 $930
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 to30 percent of projected sales for the next quarter. Assume that the company pays immediately. (Do notround intermediate calculations and round your answers to 2 decimal places, e. g., 32.16.)
b. Calculate payment to suppliers assuming a 90-day payables period. (Do not round intermediatecalculations and round your answers to 2 decimal places, e. g., 32.16.)
c. Calculate payment to suppliers assuming a 60-day payables period.(Do not round intermediatecalculations and round your answers to 2 decimal places, e. g., 32.16
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Answers: 2
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