24 Calculating Payments Marshall plc’s purchases from suppliers in a quarter are equal to 75 per cent of the next quarter’s forecast sales. The payables period is 60 days. Wages, taxes and other expenses are 20 per cent of sales, and interest and dividends are £60 per quarter. No capital expenditures are planned.

Here are the projected quarterly sales:

Q1 Q2 Q3 Q4 Sales (£) 750 920 890 790 Sales for the first quarter of the following year are projected at £970. Calculate the company’s cash outlays by completing the following:

Q1 Q2 Q3 Q4 Payment of accounts Wages, taxes, other expenses Long-term financing expenses (interest and dividends)
Total