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Paymore Products places orders for goods equal to 80% of its sales forecast in the next quarter. The sales forecasts for the next five quarters
Paymore Products places orders for goods equal to 80% of its sales forecast in the next quarter. The sales forecasts for the next five quarters are as follows: |
Quarter in Coming Year
| Following Year
| |||||
First | Second | Third | Fourth | First Quarter | ||
Sales forecast | $420 | $400 | $380 | $430 | $430 | |
Calculate Paymore's cash payments to its suppliers assuming that three-fourths of the purchases are paid for in the quarter that they are purchased and one-fourth are paid in the following quarter. (Do not round intermediate calculations.) |
Quarter | Payment |
1 | $ |
2 | |
3 | |
4 | |
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