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    Forecasting Payments

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    If a firm pays its bills with a 30-day delay, what fraction of its purchases will be paid for in the current quarter? In the following quarter? What if its payment delay is 60 days?

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    If the firm pays bills with a 30-day delay, then it will pay for 60 days of purchases in the current quarter, since the first month will be paid in ...

    Solution Summary

    The solution explains how to calculate the fraction of purchases that would be paid.