Question
The Bruin Corporations purchases from suppliers in a quarter are equal to 80 percent of the next quarters forecast sales. The payables period is 60
The Bruin Corporations purchases from suppliers in a quarter are equal to 80 percent of the next quarters 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:
Sales Q1-$1,560 Q2-$1,710 Q3-$1,770 Q4-$2,010
*Sales for the first quarter of the following year are projected at $1,680.
Required: Calculate Bruins cash outlays by completing the following (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16)):
Q1 Q2 Q3 Q4
Payment of accounts $________ $_________ $___________ $__________
Wages, taxes, other expenses $________ $_________ $___________ $__________
Long-term financing expenses
(interest and dividends) $________ $_________ $___________ $_________
Total $________ $_________ $___________ $_________
I have asked this question before but the answer was incorrect....please help!!!!!
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