Paymore Products places orders for goods equal to 80% of its sales forecast in t

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Paymore Products places orders for goods equal to 80% of its sales forecast in the next quarter. The sales forecasts for the next five quarters are as follows: Quarter in Coming Year - Sales Forecast, first quarter if $540; second quarter is $530; third quarter is 510, fourth quarter is $550; Following Year-first quarter is $550 The firm pays for its goods with a 1-month delay. Therefore, on average, three-fourths of purchases are paid for in the quarter that they are purchased, and one-fourth are paid in the following quarter. Paymore

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