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Ospika Products has projected the following sales for the coming year: Q1 Sales$1,000 Q2 $1,080 Q3 $1,040 Q4 $1,140 Sales in the year following this
Ospika Products has projected the following sales for the coming year: Q1 Sales$1,000 Q2 $1,080 Q3 $1,040 Q4 $1,140 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. (Round the final answers to 2 decimal places. Omit $ sign in your response.) Q1 03 02 $ Q4 $ Payment of accounts b. Calculate payment to suppliers assuming a 90-day payables period. (Omit $ sign in your response.) 02 03 Q1 $ 04 $ Payment of accounts c. Calculate payment to suppliers assuming a 60-day payables period. (Do not round intermediate calculations. Round the final answers to 2 decimal places. Omit $ sign in your response.) 22 Q3 Q4 Q $ Payment of accounts
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