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8. Calculating Payments (LOS) Ospika Products has projected the following sales for the coming year: Q1 Q2 Q3 Q4 Sales $790 $870 $830 $930

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8. Calculating Payments (LOS) Ospika Products has projected the following sales for the coming year: Q1 Q2 Q3 Q4 Sales $790 $870 $830 $930 Sales in the year following this one are projected to be 15% greater in each quarter. a. Calculate payments to suppliers assuming that Ospika places orders during each quarter equal to 30% of projected sales for the next quarter. Assume that Ospika pays immediately. What is the payables period in this case? Q1 Q2 Q3 Q4 Payment of accounts $ $ b. Rework (a) assuming a 90-day payables period. c. Rework (a) assuming a 60-day payables period.

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