For Part C, Q2 and Q3 are not correct. I am unsure where I went wrong. Chapter 1

Question

For Part C, Q2 and Q3 are not correct. I am unsure where I went wrong.

Chapter 16 zto.mheducation.com/hm.tpx?--0.457159730021961_151192 1604 ! e (a search Brunell Products has projected the following sales for the coming year: Q1 $330 Sales $420 $570 $510 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 20 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, o.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 84 $1 114 $1 102 79.2 b. Calculate payments to suppliers assuming that the company places orders during each quarter equal to 20 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 20 percent of projected sales for the next uarter. 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

Explanation / Answer

Q1 = 2/3*20/100*330+1/3*20/100*420=72

Q2= 2/3*20/100*420+1/3*20/100*570 = 94

Q3=2/3*20/100*570+1/3*20/100*510 =110

Q4 = 2/3*20/100*510+1/3*20/100*396 =94

Q1 Q2 Q3 Q4 Next year Q1 Sales 330 420 570 510 396 Quarterly Payments 72 94 110 94.4

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