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. Calculate payments to suppliers assuming a 90-day payables period (Round your answers to 2 decimal places, e.g., 32.16.) Calculate payments to suppliers assuming a 60-day payables period (Round your answers to 2 decimal places, e.g., 32.16.)
EXPERT ANSWER Answer a) If payment is made immediatiely Q1 Q2 Q3 Q4 Payment of Accounts 273.00 261.00 291.00 298.80 Working Working Q1 Q2 Q3 Q4 Projected sale for Next Quarter [a] 910 870 970 996 Percentage of Purchase [b] 30% 30% 30% 30% Purchase [c = a*b] 273.00 261.00 291.00 298.80 Payment of Accounts …