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Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Q2
00924
$720
Q1
$840
04
$810
Sales
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 Intermedlate calculatlons
and round your answer to the nearest whole number, e.g., 32.)
Payables period
What are the payments to
calculations and round your answers to 2 decimal places, e.g., 32.16.)
suppliers each quarter? (Do not round Intermedlate
Q2
Q3
01
04.
Payment of accounts.
b. Calculate payments to suppliers assuming that the company places orders during
each quarter equal to 25 percent of projected sales for the next guarter. Assume a 90-
day payables period. (Do not round Intermedlate calculations and round your answers
to 2 decimal places e.g., 32.16.)
03.
Payment of accounts
c. 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 a 60-
day payables period. (Do not round Intermediate calculations and round your answers
to 2 decimel places e.g., 3216.)
Q4
Q1
Payment of accounts
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