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The Bruin Corporations purchases from suppliers in a quarter are equal to 60 percent of the next quarters forecast sales. The payables period is 60
The Bruin Corporations purchases from suppliers in a quarter are equal to 60 percent of the next quarters forecast sales. The payables period is 60 days. Wages, taxes, and other expenses are 40 percent of sales, and interest and dividends are $114 per quarter. No capital expenditures are planned. Projected quarterly sales are:
Q1 | Q2 | Q3 | Q4 | |
Sales | $1,500 | $1,650 | $1,710 | $1,950 |
Sales for the first quarter of the following year are projected at $1,620. |
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) - | 114 | 114 | 114 | 114 |
___ | ___ | ___ | ___ | |
Total - | $___ | $___ | $___ | $ ___ |
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