Assume the company places orders during each quarter equal, Finance Basics

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Assume the company places orders during each quarter equal

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

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Finance Basics: Assume the company places orders during each quarter equal

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Finance Basics: Assume the company places orders during each quarter equal

Reference No:- TGS0609033

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Finance Basics: Assume the company places orders during each quarter equal

Reference No:- TGS0609033

Recent Questions Asked Finance Basics

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