1)The Sepulcro Corporation's purchases from suppliers in a quarter are equal to 80 percent of the next quarter's forecast sales. The payables period is 60 days. Wages, taxes, and other expenses are 35 percent of sales, and interest and dividends are $126 per quarter. No capital expenditures are planned. Projected quarterly sales are:

	Q1	Q2	Q3	Q4
Sales	$1,170	$1,320	$1,410	$1,620

Sales for the first quarter of the following year are projected at $1,290. Calculate the company's cash outlays by completing the following:(Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

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

2)The following is the sales budget for Tesoro Azul, Inc., for the first quarter of 2016:

	January	February	March
Sales budget	$144,000	$161,000	$176,000

Credit sales are collected as follows: 55 percent in the month of the sale 25 percent in the month after the sale 20 percent in the second month after the sale The accounts receivable balance at the end of the previous quarter was $128,900 ($92,700 of which was uncollected December sales). a.Compute the sales for November.(Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Sales $ b.Compute the sales for December.(Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Sales $ c.Compute the cash collections from sales for each month from January through March.(Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)

	Cash Collection
January	$
February	$
March	$

3)The Zuri Co. needs to raise $66.4 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. The offer price is $64 per share and the company's underwriters charge a spread of 9 percent. The SEC filing fee and associated administrative expenses of the offering are $464,000.

How many shares need to be sold?