How much will the firm pay its suppliers

Assignment Help Finance Basics
Reference no: EM13270319

Pannick Motors has projected the following sales for the coming year. Sales in the year following this one are projected to be 12 percent greater in each quarter. Assume the company places orders during each quarter equal to 45 percent of projected sales for the next quarter. How much will the firm pay its suppliers in quarter 3 if the firm has a 60-day payables period?

Sales: Q1 $740, Q2 $820, Q3 $930, Q4 $860

A. $408 B. $427 C. $463 D. $489 E. $511

Reference no: EM13270319

Questions Cloud

Explain reaction for the complete combustion of ethanol : Write a balanced reaction for the complete combustion of ethanol (C2H5OH) in oxygen, using the smallest integer coefficients. Then add up the total of all of the coefficients from both sides of your equation and enter that number as your answer.
How do you feel about being an america : What does it mean to you to be American - how do you feel about being an America?
Explain the smallest possible integer coefficients : Balance the following equation, using the smallest possible integer coefficients. Then enter the 4 coefficients in the 4 answer boxes. (Suppose the coefficients were 6, 5, 4 and 3 for the 4 substances, from left to right in the equation.
Obtain the angle of reflection : A ray of light is incident on a flat surface of a block of cubic zirconia that is surrounded by water. obtain the angle of reflection
How much will the firm pay its suppliers : Assume the company places orders during each quarter equal to 45 percent of projected sales for the next quarter. How much will the firm pay its suppliers in quarter 3 if the firm has a 60-day payables period?
Find the magnetic dipole moment of the loop : A current loop, carrying a current of 3.0 A, is in the shape of a right triangle with sides 30, 40, and 50 cm. Find the magnetic dipole moment of the loop
Explain a fluorine-nuclide transforms into an oxygen : Suppose a fluorine- nuclide transforms into an oxygen- nuclide by absorbing an electron and emitting a gamma ray
Determine the output voltage for an input voltage of 2 v : A µ-law compression encoder has: Vi(max) = 8 V, vi(max) = 1V, µ = 255 Determine the output voltage for an input voltage of 2 V
Calculate metallurgical junction depths of n-type substrate : The surface concentration is fixed at N0=1.8e20/cm^2 when diffusing boron into a uniformly doped n-type substrate. The atomic diffusion constant for boron in Si at the temperature of 950 C is 3.0e-15 cm^2/s.

Reviews

Write a Review

Finance Basics Questions & Answers

  Computation of internal rate of return of the bond

Computation of internal rate of return of the bond and what was your internal rate of return

  Which is weighted average cost of capital for minie closest

Which is the weighted average cost of capital for Minie closest to? (please show calculation)

  Find expected return on the security

The average stock market return in twentieth century has been 9 percent. Suppose a security whose average return has been 7%, and whose beta is estimated at 0.5.

  Estimate of the market value of company preferred stock

The average yield on preferred stock of this type among other companies is 6%. Given these conditions, what is your estimate of the market value of this company's preferred stock?

  Find the early withdrawal penalty

Which of the following qualified plan distributions will be subjected to a 10% early withdrawal penalty?

  Financial forces effecting balance of payments

Describe how financial forces such as tariffs, taxes, inflation, and currency exchanges effect balance of payments.

  How much would it cost him to buy the annuity today

Your father is about to retire, and he wants to buy an annuity that will provide him with $85,000 of income a year for 25 years, with the first payment coming immediately. The discount rate on such annuities is 5.15%. How much would it cost him to..

  Computation net present value and payback period

Computation net present value and payback period and draw the net present value profiles for both projects on the same set of axes

  What was its charge for depreciation and amortization

Talbot enterprises recently reported an EBITDA of $8 Million and net income of $2.4 million. It had $2.0 million of interest expense, and its corporate tax rate was 40%. What was its charge for depreciation and amortization?

  What is your effective purchase price for corn

If the spot price of corn settles at $6.50/bushel in December, what is your effective purchase price for corn?

  What is the value of this annuity five years from now

what is the value of this annuity five years from now? What is the value three years from now? What is the current value of the annuity?

  Future value-annuity versus annuity due

Find out the future value of 7 percent, 5-year ordinary annuity which pays $300 each year?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd