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Lewellen products has projected the following sales for the coming year : Q1, Q2, Q3, Q4: $810, $890, $850, $950 respectively. Calculate payments to suppliers
Lewellen products has projected the following sales for the coming year : Q1, Q2, Q3, Q4: $810, $890, $850, $950 respectively. Calculate payments to suppliers assuming that the company places orders during each quarter equal to 30% of projected sales for the next quarter. Assume the company pays immediately. What is the payables period in this case?
Calculate payments to suppliers assuming a 90 day payables period.
Calculate payments to suppliers assuming a 60 day payables period.
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