Problem 18-8 Calculating Payments [LO3]

Sedman, Corp., has projected the following sales for the coming year:

	Q1			Q2			Q3			Q4
Sales	$	970		$	1,050		$	1,010		$	1,110

Sales in the year following this one are projected to be 15 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. (Round your answers to 2 decimal places, e.g., 32.16.)

	Q1	Q2	Q3	Q4
Payment of accounts	$	$	$	$

b.	Calculate payments to suppliers assuming a 90-day payables period. (Round your answers to 2 decimal places, e.g., 32.16.)

	Q1	Q2	Q3	Q4
Payment of accounts	$	$	$	$

c.	Calculate payments to suppliers assuming a 60-day payables period. (Round your answers to 2 decimal places, e.g., 32.16.)

	Q1	Q2	Q3	Q4
Payment of accounts	$	$	$	$