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The Bandon Pine Corporation's purchases from suppliers in a quarter are equal to 80 percent of the next quarter's forecast sales. The payables period
The Bandon Pine 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 $116 per quarter. No capital expenditures are planned. Projected quarterly sales are: Q1 Sales $ 1,560 Q2 $ 1,710 Q3 Q4 $ 1,770 $ 2,010 Sales for the first quarter of the following year are projected at $1,680. Calculate the company's cash outlays by completing the following: Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Payment of accounts Wages, taxes, other expenses Long-term financing expenses (interest and dividends) Total Q1 Q2 Q3 Q4
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