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Ospika Products has projected the following sales for the coming year: Sales Q1 $810 Q2 $ 890 Q3 $ 850 Q4 $ 950. Sales in
Ospika Products has projected the following sales for the coming year: Sales Q1 $810 Q2 $ 890 Q3 $ 850 Q4 $ 950. 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. b. Calculate payment to suppliers assuming a 90-day payables period. c. Calculate payment to suppliers assuming a 60-day payables period.
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