Problem 19-8 Forecasting Payments (LO2) Paymore Products places orders for goods equal to 80% of its sales forecast in the next quarter. The sales forecasts for the next five quarters are as follows:

Problem 19-8 Forecasting Payments (LO2) Paymore Products places orders for goods equal to 80% of its sales forecast in the next quarter. The sales forecasts for the next five quarters are as follows Following Year First Quarter $520 Quarter in Coming Year First Sales forecast $510 Second $500 Third $470 Fourth $520 Calculate Paymore's cash payments to its suppliers assuming that three-fourths of the purchases are paid for in the quarter that they are purchased and one-fourth are paid in the following quarter. (Do not round intermediate calculations.) Quarter Payment 400