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Sexton Corporation has projected the following sales for the coming year: Sales Q1 $ 480 Q21 $570 Q3 $ 720 Q4 $ 660 Sales
Sexton Corporation has projected the following sales for the coming year: Sales Q1 $ 480 Q21 $570 Q3 $ 720 Q4 $ 660 Sales in the year following this one are projected to be 10 percent greater in each quarter. Calculate payments to suppliers assuming that the company places orders during each quarter equal to 25 percent of projected sales for the next quarter. Assume that the company pays immediately. a. What is the payables period in this case? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Answer is complete but not entirely correct. Payables periodi 60x What are the payments to suppliers each quarter? Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Answer is complete but not entirely correct. Q1 Q2 Q3 Q4 Payment of accounts $ 127.50 S 155.00 S 175.00 $ 154.00 x b. Calculate payments to suppliers assuming that the company places orders during each quarter equal to 25 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 Payment of accounts Q2 Q3 Q4 c. Calculate payments to suppliers assuming that the company places orders during each quarter equal to 25 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
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