Ospika Products has projected the following sales for the coming year: 01 02 03 04 Sales $820 $900 $860 $960 Sales in the year following this one are projected to be 10% greater in each quarter. a. Calculate payments to suppliers assuming that Ospika places orders during each quarter equal to 30% of projected sales for the next quarter. Assume that Ospika pays immediately. (Round the final answers to 2 decimal places. Omit "$" sign in your response.) 04 Payment of accounts b. Calculate payment to suppliers assuming a 90-day payables period. (Omit "$" sign in your response.) 03 $ Payment of accounts Payment of accounts 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.) 01 03 $ 02 04 03 04

Ospika Products has projected the following sales for the coming year: 01 02 03 04 Sales $820 $900 $860 $960 Sales in the year following this one are projected to be 10% greater in each quarter. a. Calculate payments to suppliers assuming that Ospika places orders during each quarter equal to 30% of projected sales for the next quarter. Assume that Ospika pays immediately. (Round the final answers to 2 decimal places. Omit "$" sign in your response.) 04 Payment of accounts b. Calculate payment to suppliers assuming a 90-day payables period. (Omit "$" sign in your response.) 03 $ Payment of accounts Payment of accounts 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.) 01 03 $ 02 04 03 04

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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