Click to see additional instructions Acme Co has projected the following sales for 2022 Q1-5570 Q2 - 5920 Q3 $850 94-3950 Sales for each quarter in 2023 are projected to be 12 percent greater than the previous quarter 06.01 2023 is projected to be 12% higher than 04 2022) Calculate expected payments to suppliers in each quarter for 2022, assuming 11 Acme places orders during each quarter equal to 50 percent of projected sales for the next quarter. For example, it Q1 2023 sales are expected to be $1054, then purchases in 04 of 2022 would be estimated to be 51064X05 - $532 2) Acme's average days of payables is 90 days Q1 payments - Q2 payments 03 payments Q4 payments - HINT: This problem is very similar to the examples regarding cash receipts from sales and receivables, only this problem looks at cash disbursements involving purchases and payables Recall that the average days of payables (payables period) tells us how long on average, it takes for a company to pay for its purchases. 50 if the average days payable is then the company pays for its purchases immediately. If the payables period is 30, then the company tends to take about 30 days to pay for its purchases. This would imply that anything purchased in the first 2 months of a quarter would be paid for in the same quarter (within 30 days of the purchase), but anything purchased in the last month of the quarter wouldn't be paid for until the first month of the next quarter