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aymore Products places orders for goods equal to 80% of its sales forecast in the next quarter. The sales forecasts for the next five quarters
aymore 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: Quarter in Coming Year Following Year First Second Third Fourth First Quarter Sales forecast $450 $430 $410 $450 $450 The firm pays for its goods with a 1-month delay. Therefore, on average, three-fourths of purchases are paid for in the quarter that they are purchased, and one-fourth are paid in the following quarter. Paymore
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