Paymore Products places orders for goods equal to 75% of its sales forecast in the next quarter. The sales forecasts for the next five quarters are as follows: Quarter in Coming Year Following Year First Quarter First $385 Second Third Fourth Sales forecast $365 $341 $389 $389 Calculate Paymore's cash payments to its suppliers assuming that two-thirds of the purchases are paid for in the quarter that they are purchased and one-third are paid in the following quarter. (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) Quarter Payment 1 2 3 4

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
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Paymore Products places orders for goods equal to 75% of its sales forecast in the next quarter. The sales forecasts for the next five
quarters are as follows:
Following Year
First Quarter
Quarter in Coming Year
First
Second
Third
Fourth
Sales forecast
$385
$365
$341
$389
$389
Calculate Paymore's cash payments to its suppliers assuming that two-thirds of the purchases are paid for in the quarter that they are
purchased and one-third are paid in the following quarter. (Do not round intermediate calculations. Round your answers to the
nearest whole dollar amount.)
Quarter
Payment
1
2
3
4
Transcribed Image Text:Paymore Products places orders for goods equal to 75% of its sales forecast in the next quarter. The sales forecasts for the next five quarters are as follows: Following Year First Quarter Quarter in Coming Year First Second Third Fourth Sales forecast $385 $365 $341 $389 $389 Calculate Paymore's cash payments to its suppliers assuming that two-thirds of the purchases are paid for in the quarter that they are purchased and one-third are paid in the following quarter. (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) Quarter Payment 1 2 3 4
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