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The Bandon Pine Corporation's purchases from suppliers in a quarter are equal to 6 0 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 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 dividend's are $95 per quarter. No capital expenditures are planned.
Projected quarterly sales are shown here:
\table[[,Q1,Q2,Q3,Q4],[Sales,$1,860,$2,160,$1,860,$1,560
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