Sexton Corporation has projected the following sales for the coming year: Q1 Sales $810 Q2 Q3...

 

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Sexton Corporation has projected the following sales for the coming year: Q1 Sales $810 Q2 Q3 Q4 $ 890 $850 $950 Sales in the year following this one are projected to be 10 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. (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.) × Answer is not complete. Q1 Q2 Q3 Q4 a. Payment of accounts b. Payment of accounts c. Payment of accounts $ 267.00 $ 255.00 $ $ 267.00 $ 267.00 $ 255.00 $ 285.00 $ 255.00 $ 285.00 $ 313.50 285.00 313.50 x Sexton Corporation has projected the following sales for the coming year: Q1 Sales $810 Q2 Q3 Q4 $ 890 $850 $950 Sales in the year following this one are projected to be 10 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. (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.) × Answer is not complete. Q1 Q2 Q3 Q4 a. Payment of accounts b. Payment of accounts c. Payment of accounts $ 267.00 $ 255.00 $ $ 267.00 $ 267.00 $ 255.00 $ 285.00 $ 255.00 $ 285.00 $ 313.50 285.00 313.50 x

Answer rating: 100% (QA)

a Calculations Q1 Payments to suppliers 810 030 24300 Q2 Payments t... View the full answer