Calculate payments to suppliers

Assignment Help Financial Management

Reference no: EM132030681

Sedman, Corp., has projected the following sales for the coming year: Q1 Q2 Q3 Q4 Sales $ 890 $ 970 $ 930 $ 1,030 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. (Round your answers to 2 decimal places, e.g., 32.16.) Q1 Q2 Q3 Q4 Payment of accounts $ $ $ $ b. Calculate payments to suppliers assuming a 90-day payables period. (Round your answers to 2 decimal places, e.g., 32.16.) Q1 Q2 Q3 Q4 Payment of accounts $ $ $ $ c. Calculate payments to suppliers assuming a 60-day payables period. (Round your answers to 2 decimal places, e.g., 32.16.) Q1 Q2 Q3 Q4 Payment of accounts $ $ $ $

Reference no: EM132030681

Questions Cloud

Is it higher or lower than the mortgage contract rate : What is the annualized IRR for the mortgage? Is it higher or lower than the mortgage contract rate?

What were the most significant changes in the new tax law : What were the most significant changes in this new tax law? What would be the effect on a business for which you might work as an engineer?

Two assets that has largest possible sharpe ratio : What is the weight of each asset in the portfolio of the two assets that has the largest possible Sharpe ratio?

Confidence interval for the difference in the means : (a) A 90% confidence interval for the difference in the means of the populations

Calculate payments to suppliers : Calculate payments to suppliers assuming that the company places orders during each quarter equal to 30 percent of projected sales for the next quarter.

Three software packages and the time : Ten different person's income tax returns are done by each of the three software packages and the time is recorded for each. Which of the following is true?

Evaluate the strengths and limitations of the algorithm : Tracking the spread of diseases can be an intricate, complex, and labor-intensive process. As a result, automated surveillance systems utilizing algorithms.

Hypothesis test of the difference in the two proportions : Which of the following is true about a hypothesis test of the difference in the two proportions?

Credit card with current balance : You have a credit card with a current balance of $5000. What is your monthly payment if you want to have a zero balance in 5 years?

User Account

All Pages