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The Giscome Corporation's purchases from suppliers in a quarter are equal to 75 percent of the next quarter's forecost sales. The payables period is 60

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The Giscome Corporation's purchases from suppliers in a quarter are equal to 75 percent of the next quarter's forecost sales. The payables period is 60 days Wages, taxes, and other expenses are 20 percent of sales, and intorest and dividends are $90 per quirtor No capital expenditures are planned Projected quarterly sales are shown bere Q2 03 $1,970 $2315 $1.930 $1.740 Q1 04 Sales Sales tor the first quarter of the following year are peojected at $2,380 Calculate the company's cash outlays by completng the folowing (Do not round intermediate calculations. Round the final answers to 2 decimal places.) Q1 Q2 Q3 04 Payment of accounts Wages, taxes, other expenses Long-term Binancing expenses (interost and dividends) Total

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