Grohl Products has projected the following sales for the coming year:
Sales Q1:$780 Q2:$900 Q3:$1,020 Q4:$990
Sales in the year following this one are projected to be 25 percent greater in each quarter.
Requirement 1: Calculate payments to suppliers assuming that the company places orders during each quarter equal to 35 percent of projected sales for the next quarter. Assume that the company pays immediately.
(a) What is the payables period in this case?
b) What are the payments to suppliers each quarter? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16)):
Q1 Q2 Q3 Q4 Payment of accounts $ $ $ $
Requirement 2: Calculate payments to suppliers assuming that the company places orders during each quarter equal to 35 percent of projected sales for the next quarter. Assume a 90-day payables period. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)
Q1 Q2 Q3 Q4 Payment of accounts $ $ $ $
Requirement 3: Calculate payments to suppliers assuming that the company places orders during each quarter equal to 35 percent of projected sales for the next quarter. Assume a 60-day payables period. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)
Q1 Q2 Q3 Q4 Payment of accounts $ $ $ $
Grohl Products has projected the following sales for the coming year:
Sales Q1:$780 Q2:$900 Q3:$1,020 Q4:$990
Sales in the year following this one are projected to be 25 percent greater in each quarter.
Requirement 1: Calculate payments to suppliers assuming that the company places orders during each quarter equal to 35 percent of projected sales for the next quarter. Assume that the company pays immediately.
(a) What is the payables period in this case?
| b) | What are the payments to suppliers each quarter? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16)): |
| Q1 | Q2 | Q3 | Q4 | |
| Payment of accounts | $ | $ | $ | $ |
| Requirement 2: | |
| Calculate payments to suppliers assuming that the company places orders during each quarter equal to 35 percent of projected sales for the next quarter. Assume a 90-day payables period. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) |
| Q1 | Q2 | Q3 | Q4 | |
| Payment of accounts | $ | $ | $ | $ |
| Requirement 3: | |
| Calculate payments to suppliers assuming that the company places orders during each quarter equal to 35 percent of projected sales for the next quarter. Assume a 60-day payables period. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) |
| Q1 | Q2 | Q3 | Q4 | |
| Payment of accounts | $ | $ | $ | $ |
Related questions
Brunell Products has projected the following sales for the coming year:
| Q1 | Q2 | Q3 | Q4 | |
| Sales | $810 | $930 | $1,050 | $1,020 |
Sales in the year following this one are projected to be 20 percent greater in each quarter.
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.
a. What is the payables period in this case? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Payables period
What are the payments to suppliers each quarter? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
| Q1 | Q2 | Q3 | Q4 | |
| Payment of accounts | $ | $ | $ | $ |
b. 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 a 90-day payables period. (Do not round intermediate calculations. Round your answers to 2 decimal places e.g., 32.16.)
| Q1 | Q2 | Q3 | Q4 | |
| Payment of accounts | $ | $ | $ | $ |
c. 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 a 60-day payables period. (Do not round intermediate calculations. Round your answers to 2 decimal places e.g., 32.16.)
| Q1 | Q2 | Q3 | Q4 | |
| Payment of accounts | $ | $ | $ | $ |
| Sedman, Corp., has projected the following sales for the coming year: |
| Q1 | Q2 | Q3 | Q4 | |||||||||
| Sales | $ | 880 | $ | 960 | $ | 920 | $ | 1,020 | ||||
| Sales in the year following this one are projected to be 15 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 | $ | $ | $ | $ |
| Iron Man Products 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 Iron Man places orders during each quarter equal to 30 percent of projected sales for the next quarter. Assume that Iron Man pays immediately. (Round your answers to 2 decimal places. (e.g., 32.16)) |
| Q1 | Q2 | Q3 | Q4 | |
| Payment of accounts | $ | $ | $ | $ |
| b. | Calculate payment to suppliers assuming a 90-day payables period. |
| Q1 | Q2 | Q3 | Q4 | |
| Payment of accounts | $ | $ | $ | $ |
| c. | Calculate payment 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 | $ | $ | $ | $ |
