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Sexton Corporation has projected the following sales for the coming year. Sales In the year following this one are projected to be 10 percent greater
Sexton Corporation has projected the following sales for the coming year. 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 Immedlately. a. What is the payables perlod in this case? Note: Do not round Intermedlate calculatlons and round your answer to the nearest whole number, e.g., 32. What are the payments to suppliers each quarter? Note: Do not round Intermedlate calculatlons and round your answers to 2 declmal places, e.g., 32.16. 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 perlod. Note: Do not round Intermedlate calculations and round your answers to 2 decimal places e.g., 32.16 . 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 perlod. Note: Do not round Intermedlate calculations and round your answers to 2 decimal places e.g., 32.16
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