Chapter 19 Pre-Built Problems Saved Help Save & Exit Submit Check my work 7 Dynamic Futon forecasts the following purchases from suppliers: Jan. 47 value of goods ($ aillions) Feb. 43 Mar. 40 Apr. 37 May 35 Jun. 35 10 points a. Fourty percent of goods are supplied cash-on-delivery. The remainder are paid with an average delay of 1 month. if Dynamic Futon starts the year with payables of $37 million, what is the forecasted level of payables for each month? (Do not round intermediate calculations. Enter your answers in millions of dollars rounded to 1 decimal place.) eBook Jan. Feb. Mar. Apr. Print Jun. May Payables References b. Suppose that, from the start of the year, the company stretches payables by paying 40% after 1 month and 20% after 2 months. (The remainder continue to be paid cash-on-delivery.) Recalculate payables for each month assuming that there are no cash penalties for late payment. Assume that Dynamic Futon didn't have any payable balance at the start of the year. (Do not round intermediate calculations. Enter your answers in millions of dollars rounded to 1 decimal place.) Jan. Feb. Mar. Apr. May Jun. Payables