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Suppose a company has the following projected sales for the coming year: Q1 S 450 Q2 S 500 04 S 650 Sales $ 600 Assume
Suppose a company has the following projected sales for the coming year: Q1 S 450 Q2 S 500 04 S 650 Sales $ 600 Assume the sales in the year following this one are projected to be 16 percent greater in each corresponding quarter. Assuming a 90-day payables period, please calculate dollar amount of payments to suppliers in Q2 if the company places orders during each quarter equal to 26 percent of projected sales for the next quarter
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