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Ospika Products has projected the following sales for the coming year: 01 Sales $900 02 03 04 $980 $940 $1,040 Sales in the year following
Ospika Products has projected the following sales for the coming year: 01 Sales $900 02 03 04 $980 $940 $1,040 Sales in the year following this one are projected to be 10% 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.) Q2 Q3 Payment of accounts b. Calculate payment to suppliers assuming a 90-day payables period. (Omit $ sign in your response.) Q3 01 $ Q2 $ 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.) 02 01 $ 03 $ Payment of accounts
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