Sexton Corporation has projected the following sales for the coming year: Q1 Sales $810 Q2 Q3...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Sexton Corporation has projected the following sales for the coming year: Q1 Sales $810 Q2 Q3 Q4 $ 890 $850 $950 Sales in the year following this one are projected to be 10 percent greater in each quarter. a. Calculate payments to suppliers assuming that the company places orders during each quarter equal to 30 percent of projected sales for the next quarter. Assume that the company pays immediately. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Calculate payments to suppliers assuming a 90-day payables period. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. Calculate payments to suppliers assuming a 60-day payables period. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) × Answer is not complete. Q1 Q2 Q3 Q4 a. Payment of accounts b. Payment of accounts c. Payment of accounts $ 267.00 $ 255.00 $ $ 267.00 $ 267.00 $ 255.00 $ 285.00 $ 255.00 $ 285.00 $ 313.50 285.00 313.50 x Sexton Corporation has projected the following sales for the coming year: Q1 Sales $810 Q2 Q3 Q4 $ 890 $850 $950 Sales in the year following this one are projected to be 10 percent greater in each quarter. a. Calculate payments to suppliers assuming that the company places orders during each quarter equal to 30 percent of projected sales for the next quarter. Assume that the company pays immediately. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Calculate payments to suppliers assuming a 90-day payables period. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. Calculate payments to suppliers assuming a 60-day payables period. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) × Answer is not complete. Q1 Q2 Q3 Q4 a. Payment of accounts b. Payment of accounts c. Payment of accounts $ 267.00 $ 255.00 $ $ 267.00 $ 267.00 $ 255.00 $ 285.00 $ 255.00 $ 285.00 $ 313.50 285.00 313.50 x
Expert Answer:
Answer rating: 100% (QA)
a Calculations Q1 Payments to suppliers 810 030 24300 Q2 Payments t... View the full answer
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th Edition
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan
Posted Date:
Students also viewed these finance questions
-
A group of fraud examiners is coordinating an investigation at a local law firm. Several lawyers at the firm are suspected of overbilling clients, possibly creating fake client accounts, and then...
-
York's outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 200,000 shares of common stock with a $1 par value. During its first four years...
-
Kemp Machine Works collects its production cost data by job order cost accumulation. For Job 909, the following data are available: Factory overhead is applied at the rate of $80 per machine hour....
-
The state of a system is identified by its (a) Shape (b) Size (c) Properties (d) Surroundings.
-
Condensed balance sheet and income statement data for Jergan Corporation are presented here. Additional information 1. The market price of Jergan's common stock was $7.00, $7.50, and $8.50 for 2015,...
-
Discuss the three main challenges you will need to consider and explain how they should be applied in design thinking and considering a viable International Business Idea.
-
Last year, at Northern Manufacturing Company, 200 people had colds during the year. One hundred fifty-five people who did no exercising had colds, and the remainders of the people with colds were...
-
Perform a simple computational experiment using the system. You only need to do one of the below. By now, you should know how to reasonably select your parameters, e.g., the dimensionality of your...
-
Complete a tax return for Stewart L. Benjamin. Stewart is unmarried, has no dependents, and works as a retail manager; his W-2 is below. Using the1099s and the transaction description which follow,...
-
Suppose that Fred wakes up earlier than Barney and decides how many pounds of cod to catch and calls the dock manager to tell him how many pounds of cod to bring to dock. When Barney wakes up, he...
-
Q4. Option Greeks of a call back ratio under NORMAL DISTRIBUTION You want to construct a CALL back to spread long 2 CALLs at 220 ks, and short I CALL al 200 str 04 What is the dea of the position) (2...
-
Question 5 (9 marks) Enterprise Value Cash Return on Capital Cost of Capital Trades in Company X $ 10 billion $ 700mil 10% 10% US Company Y $ 10 billion $ 700mil 5% 10% US Company Z $ 10 billion $...
-
Contractors request that several of the stakeholders participate in different phases of the project. Why is this important? It prevents scope creep It improves the probability of satisfying the...
-
1. State's Coulomb's law. 2. Suppose there are three charges at the vertices of an equilateral triangle. Charges are q1 3 nC, q2 = -4 nC, and q3 = 2 nC. You may put the charges in any order. The...
-
If (x) 0 on the interval [a, b], the definite integral gives the exact area under the curve between x = a and x = b.
-
Dividend Chronology on Tuesday, December 8, Hometown power Co.s board of directors declares a dividend of 75 cents per share payable on Wednesday, January 17, to shareholders of record as of...
-
What are the three types of financial management decisions? For each type of decision, give an example of a business transaction that would be relevant.
-
SML cost of equity estimation what are the advantages of using the SML approach to finding the cost of equity capital? What are the disadvantages? What specific pieces of information are needed to...
-
As the marketing manager for Independent Packaging Pty Ltd, you have asked the accountant what it costs to make the Container2000 model because you want to set a price for the container. A similar...
-
Incomplete information concerning the financial performance of two manufacturing companies is presented below. Required Determine the answers to (a) to(f) for the two companies. Work in process,...
-
Smart Manufacturing Systems Pty Ltd uses a periodic inventory system and closes its accounts on 30 June each year. The companys closing entries made on 30 June 2025 were as shown below. Required (a)...
Study smarter with the SolutionInn App