9Keedis Products has projected the following sales for the coming year:Q1Q203Q4Sales $ 12,800 $ 13,350 $ 14,175 $ 15,425The company places orders each quarter that are 35 percent of the following quarter's sales and has a 60-day payables period. What is the payment ofaccounts for the second quarter?Multiple Choice$3.307.50$4,672.50$4,865.00

Solution:Given,Sales of Q3 = $14175Sales of Q2 = $13350 First we will calculate payment for Q2…

Answered: 9 Keedis Products has projected the…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Keedis Products has projected the following sales for the coming year Q1 02 21 04 Sales $19,550 $14,850 $ 15,675 $ 16,175 The company places orders each quarter that are 30 percent of the following quarter's sales and has a 60-day payables period. What is the payment of accounts for the second quarter? Mutiple Choice O $4,52000 $3,135.00 $4,53750 $5.395.00 $4,455.00
Keedis Products has projected the following sales for the coming year: Q1 Q2 Q3 Q4 Sales $ 10,550 $ 12,850 $ 13,675 $ 15,175 The company places orders each quarter that are 30 percent of the following quarter's sales and has a 60-day payables period. What is the payment of accounts for the second quarter? Multiple Choice $4,020.00 $3,937.50 $3,855.00 $2,735.00 $3,395.00
JoAnn Manufacturing has projected the following sales for the coming year: Sales $25,847.50 C$25,182.50 $22,604.17 Q1 $23,560.83 Q2 $ 54,750 $ 61,850 Q3 The company places orders each quarter that are 35 percent of the following quarter's sales and has a 30-day payables period. What is the payment of accounts for the third quarter? $70,050 Q4 $75,750
JoAnn Manufacturing has projected the following sales for the coming year: Q1 Q2 Q3 Q4 Sales $ 55, 050 $ 62,350 $ 70, 350 $ 76, 150 The company places orders each quarter that are 35 percent of the following quarter's sales and has a 30-day payables period. What is the payment of accounts for the third quarter? Group of answer choices $25, 299.17 $23, 689.17 $25,975.83 $22, 755.83 $ 26,625.23
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Lewellen Products has projected the following sales for the coming year: 01 02 03 04 Sales $940 $1,020 $980 $1,080 Sales in the year following this one are projected to be 20 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 not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Calculate payments to suppliers assuming 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 a 60-day payables period. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) a. b. Payment of accounts Payment of accounts Payment of accounts 01 02 Q3 Q4
4 Ospika Products has projected the following sales for the coming year: Q1 Sales$980 Q2 $1,060 Q3 $1,020 Q4 $1,120 ints 01:33:39 Sales in the year following this one are projected to be 15% greater in each quarter. a. Calculate payments to suppliers assuming that Ospika places orders during each quarter equal to 30% of projected sales for the next quarter. Assume that Ospika pays immediately. (Round the final answers to 2 decimal places. Omit "$" sign in your response.) eBook Payment of accounts Q1 Q2 $ Q3 Q4 b. Calculate payment to suppliers assuming a 90-day payables period. (Omit "$" sign in your response.) Payment of accounts Q1 Q2 Q3 Q4 $ c. Calculate payment to suppliers assuming a 60-day payables period. (Do not round intermediate calculations. Round the final answers to 2 decimal places. Omit "$" sign in your response.) Payment of accounts Q1 Q2 Q3 Q4
Sexton Products has projected the following sales for the coming year: Q1 Q2 Q3 Q4 Sales $920 $1,000 $960 $1,060 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. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Calculate payments to suppliers assuming 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 a 60-day payables period. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) a. Payment of accounts b. Payment of accounts c. Payment of accounts Q1 Q2 Q3 Q4
Sexton Products has projected the following sales for the coming year: Q1 Q2 Q3 Q4 Sales $ 930 $ 1,010 $ 970 $ 1,070 Sales in the year following this one are projected to be 10 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. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Calculate payments to suppliers assuming 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 a 60-day payables period. (Do not round intermediate calculations and round your answers to 2 decimal places, e. g., 32.16.)
Sexton Corporation has projected the following sales for the coming year: Sales Q1 $ 300 Q2 Q3 Q4 $ 390 $ 540 $ 480 Sales in the year following this one are projected to be 25 percent greater in each quarter. Calculate payments to suppliers assuming that the company places orders during each quarter equal to 35 percent of projected sales for the next quarter. Assume that the company pays Immediately. a. What is the payables period in this case? Note: Do not round Intermediate calculations and round your answer to the nearest whole number, e.g., 32. Payables period What are the payments to suppliers each quarter? Note: Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Q1 Payment of accounts Q2 Q3 Q4 b. Calculate payments to suppliers assuming that the company places orders during each quarter equal to 35 percent of projected sales for the next quarter. Assume a 90-day payables period. Note: Do not round Intermediate calculations and round…
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All That Remains Products has projected sales for next year of: Q1 Q2 03 Q4 Sales $ 76,700 $ 80,300 $ 86,850 $ 94,320 The company places orders each quarter that are 59 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? Multiple Choice $15,792 $27,090 $18,550 $17,081 $37,099

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