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Assuming there are 90 days in each quarter, Iron Man Products has projected the following sales for the coming year: Q1 Q2 Q3 Q4 Sales

Assuming there are 90 days in each quarter, Iron Man Products has projected the following sales for the coming year:

Q1

Q2

Q3

Q4

Sales

$ 650

$ 750

$ 850

$ 950

Calculate payments to suppliers for Q1 assuming that Iron Man places orders during each quarter equal to 60 percent of projected sales for the next quarter. Assuming a 45-day payables period.

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