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Paymore products places orders for goods equal to 75% of its sales forecast in the next quarter. The sales forecasts for the next five quarters are as follows: Sales Forecase for Quarter in Comming Year: First quarter is $580; Second Quarter is $540; Third Quarter is $460: Fourth Quarter is $480; Following year is $480; Calculate Paymore's cash payments to its suppliers under the assumption that the firm pays for its goods with a 1 month delay. Therefore, on average, two-thirds of purchases are paid for in the quarter that they are purchased, and one third are p;aid in the following quarterQuarter 1 payment is $_? Quarter 2 is $_? Quarter 3 is $_ 4th quarter is $_?

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Accounting Basics, Accounting

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