Lewellen Products has projected the following sales for the coming year: 01 02 03 Sales $940...

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Lewellen Products has projected the following sales for the coming year: 01 02 03 Sales $940 $1,020 $980 04 $1,080 Sales in the year following this one are projected to be 20 percent greater in each quarter. a. Calculate payments to suppliers assuming that the company places orders during each quarter equal to 30 percent of projected sales for the next quarter. Assume that the company pays immediately. What is the payables period in this case? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Calculate payments to suppliers assuming a 90-day payables period. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. Calculate payments to suppliers assuming a 60-day payables period. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Q2 Q3 Q4 a. Payment of accounts b. Payment of accounts C. Payment of accounts Q1 Lewellen Products has projected the following sales for the coming year: 01 02 03 Sales $940 $1,020 $980 04 $1,080 Sales in the year following this one are projected to be 20 percent greater in each quarter. a. Calculate payments to suppliers assuming that the company places orders during each quarter equal to 30 percent of projected sales for the next quarter. Assume that the company pays immediately. What is the payables period in this case? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Calculate payments to suppliers assuming a 90-day payables period. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. Calculate payments to suppliers assuming a 60-day payables period. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Q2 Q3 Q4 a. Payment of accounts b. Payment of accounts C. Payment of accounts Q1

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Given Sales projections for the coming year Q1 1020 Q2 940 Q3 980 Q4 1080 Sales in the year followin... View the full answer