Sexton Corporation has projected the following sales for the coming year:

	Q1	Q2	Q3	Q4
sales	330	420	570	510

Sales in the year following this one are projected to be 20 percent greater in each quarter.

Calculate payments to suppliers assuming that the company places orders during each quarter equal to 20 percent of projected sales for the next quarter. Assume that the company pays immediately.

a. What is the payables period in this case?

do not round intermediate calculations and round your answer to the nearest whole number

payables period

What are the payments to suppliers each quarter?

do not round intermediate calculations and round your answer to 2 decimal places

	Q1	Q2	Q3	Q4
payment of accounts

b.

Calculate payments to suppliers assuming that the company places orders during each quarter equal to 20 percent of projected sales for the next quarter. Assume a 90-day payables period.

Note: Do not round intermediate calculations and round your answers to 2 decimal places e.g., 32.16.

	Q1	Q2	Q3	Q4
payment of accounts

c.

Calculate payments to suppliers assuming that the company places orders during each quarter equal to 20 percent of projected sales for the next quarter. Assume a 60-day payables period.

Note: Do not round intermediate calculations and round your answers to 2 decimal places e.g., 32.16.

	Q1	Q2	Q3	Q4
payment of accounts