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Quarterly sales amount projected

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1 Quarterly sales amount projected
Chapter 26, q. 5, p. 762 Quarterly sales amount projected Q1 Q2 Q3 Q4 Sales 800 760 940 870 Accounts Receivable at the beginning of the year are $300. the company has a 45-day collection period. Calculate cash collections in each of the 4 quarters. Then redo it with 60 days and 30 days respectively.

2 q.6, p. 762 calculate the operating cycle
Item Beginning Ending Inventory 8,413 10,158 Accounts Receivable 5,108 5,439 Accounts Payable 6,927 7,625 net sales 67,312 Cost of goods sold 51,004

3 q.7, p.763 The projected sales:
540 630 710 785 Sales in the year following this one are projected to be 15% greater in each quarter. A) calculate payments to suppliers assuming that the company places orders during each quarter equal to 30% of projected sales for the next quarter. Assume that the company pays immediately. What is payable period in this case?

4 Rework the task assuming a 90-day payables period.
And then with 60-day payables period.

5 q. 8, p. 763 Purchases from suppliers in a quarter are equal to 75% of the next quarter’s forecast sales. The payable period is 60 days. Wages, taxes, and other expenses are 20% of sales. Interest and dividends are 60$ per quarter. Q1 Q2 Q3 Q4 Sales 750 920 890 790

6 Sales for the first quarter of the following year are projected at $970. calculate the company’s cash outlays. Q1 Q2 Q3 Q4 Payment of accounts Wages, taxes, other expenses Long-term financing expenses (interest and dividends) Total

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