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FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
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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