Brunell Products has projected the following sales for the coming year Q1 Q2 Q3 Q4 Sales $840 $960 $1,080 $1,050 Sales in the year following this one are projected to be 10 percent greater in each quarter Calculate payments to suppliers assuming that the company places orders during each quarter equal to 25 percent of projected sales for the next quarter Assume that the company pays immediately a What is the payables period in this case (Do not round intermediate calculations and round your answer to the nearest whole number, e g , 32 ) Payables period What are the payments to suppliers each quarter (Do not round intermediate calculations and round your answers to 2 decimal places, e g , 32 16 ) Q1 Q2 Q3 Q4 Payment of accounts $ $ $ $ b Calculate payments to suppliers assuming that the company places orders during each quarter equal to 25 percent of projected sales for the next quarter Assume a 90 day payables period (Do not round intermediate calculations Round your answers to 2 decimal places e g , 32 16 ) Q1 Q2 Q3 Q4 Payment of accounts $ $ $ $ c Calculate payments to suppliers assuming that the company places orders during each quarter equal to 25 percent of projected sales for the next quarter Assume a 60 day payables period (Do not round intermediate calculations Round your answers to 2 decimal places e g , 32 16 ) Q1 Q2 Q3 Q4 Payment of accounts $ $ $ $

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 20, 2024

Brunell Products has projected the following sales for the coming year: Q1 Q2 Q3 Q4 Sales $840 $960 $1,080 $1,050 Sales in the year following

Brunell Products has projected the following sales for the coming year:

	Q1	Q2	Q3	Q4
Sales	$840	$960	$1,080	$1,050

Sales in the year following this one are projected to be 10 percent greater in each quarter. Calculate payments to suppliers assuming that the company places orders during each quarter equal to 25 percent of projected sales for the next quarter. Assume that the company pays immediately. a. What is the payables period in this case? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Payables period What are the payments to suppliers each quarter? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

	Q1	Q2	Q3	Q4
Payment of accounts	$	$	$	$

b. Calculate payments to suppliers assuming that the company places orders during each quarter equal to 25 percent of projected sales for the next quarter. Assume a 90-day payables period. (Do not round intermediate calculations. Round your answers to 2 decimal places e.g., 32.16.)

	Q1	Q2	Q3	Q4
Payment of accounts	$	$	$	$

c. Calculate payments to suppliers assuming that the company places orders during each quarter equal to 25 percent of projected sales for the next quarter. Assume a 60-day payables period. (Do not round intermediate calculations. Round your answers to 2 decimal places e.g., 32.16.)