Flag he Torrey Pine Corporations purchases from suppliers in a quarter are equal to 75 percent of the next quarters forecast sales. The payables period is 60 days. Wages, taxes, and other expenses are 20 percent of sales, and interest and dividends are $90 per quarter. No capital expenditures are planned. he Torrey Pine Corporations purchases from suppli Expert Answerinformation icon Anonymous's Avatar Anonymous answered thisWas this answer helpful? Thumbs up inactive1Thumbs down inactive1 4,547

answers Since the payables period is 60 days, payables in each period = 2/3 of last quarters orders, and 1/3 of this quarters orders, or 2/3(.75) times current sales + 1/3(.75) next period sales. Q1 Q2 Q3 Q4 Sales $ 2,100.00 $ 2,400.00 $ 2,100.00 $ 1,800.00 Payment of accounts $ 1,650.00 $ 1,725.00 $ 1,500.00 $ 1,507.50 Wages, taxes and other expenses $ 420.00 $ 480.00 $ 420.00 $ 360.00 Long term financing expenses $ 90.00 $ 90.00 $ 90.00 $ 90.00 Total $ 2,160.00 $ 2,295.00 $ 2,010.00 $ 1,957.50 Comment Practice with similar questions Q: The Torrey Pine Corporation?s purchases from suppliers in a quarter are equal to 60 percent of the next quarter?s forecast sales. The payables period is 60 days. Wages, taxes, and other expenses are 25 percent of sales, and interest and dividends are $95 per quarter. No capital expenditures are planned. Projected quarterly sales are shown here: A: See answer 100% (3 ratings) Up next for you in Finance home / study / business / finance / finance questions and answers / 6. the yellow line corporations purchases from suppliers in a quarter are equal to 65 percent ... Question: 6. The Yellow Line Corporations purchases from suppliers in a quarter See answer The Torrey Pine Corporations purchases from suppliers in a quarter are equal to 70 percent of the next quarters forecast sales. The payables period is 60 days. Wages, taxes, and other expenses are 15 percent of sales, and intere See answer See more questions for subjects you study Questions viewed by other students Q: The MacDonald Corporations purchases from suppliers in a quarter are equal to 75 percent of the next quarters forecast sales. The payables period is 60 days. Wages, taxes, and other expenses are 30 percent of sales, and interest and dividends are $110 per quarter. No capital expenditures are planned. Projected quarterly sales are: Q1 Q2 Q3 Q4 Sales $1,64... A: See answer Q: The Torrey Pine Corporations purchases from suppliers in a quarter are equal to 75 percent of the next quarters forecast sales. The payables period is 60 days. Wages, taxes, and other expenses are 20 percent of sales, and interest and dividends are $90 per quarter. No capital expenditures are planned. Projected quarterly sales are shown here: Q1 Q2 Q3 Q4 Sales $1,930 $2,27... A: See answer 100% (3 ratings) Show more Post a question Answers from our experts for your tough homework questions

How do you get the the 1/3 and 2/3?