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Problem 6: Calculating Payments. The Burning Blaze Corporation's purchases from suppliers in a quarter are equal to 50% of the next quarter's forecasted sales. The

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Problem 6: Calculating Payments. The Burning Blaze Corporation's purchases from suppliers in a quarter are equal to 50% of the next quarter's forecasted sales. The payables period is 60 days. Wages, taxes and other expenses are 25% of sales, and interest and dividends are $1,500.00 per quarter. No capital expenditures are planned. Projected quarterly sales are: Sales Q1 10,500 Q2 8,100 Q3 12,000 Q4 15,000 Sales for the first quarter of the following year are projected at $ 9,000. Calculate Burning's cash outlays by completing the following: T Q1 Q2 Q3 Payment of Accounts Wages, Taxes, other exp L-T financing expenses Total 6a. Total cash outlays for Q1 are $_ 6a. Points: 5.0 6b. Total cash outlays for Q2 are $ 6b. Points: 5.0 6c. Total cash outlays for Q3 are $ 6c. Points: 5.0 6d. Total cash outlays for Q4 are $_ 6d. Points: 5.0

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