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The Bandon Pine Corporations purchases from suppliers in a quarter are equal to 70 percent of the next quarters forecast sales. The payables period is
The Bandon 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 30 percent of sales, and interest and dividends are $75 per quarter. No capital expenditures are planned. Projected quarterly sales are shown here: Q1 Q2 Q3 Q4 Sales $ 2,010 $ 2,310 $ 2,010 $ 1,710 Sales for the first quarter of
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