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The MacDonald Corporation's purchases from suppliers in a quarter are equal to 70 percent of the next quarter's forecast sales. The payables period is 60

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The MacDonald Corporation's purchases from suppliers in a quarter are equal to 70 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 dividends are $127 per quarter. No capital expenditures are planned. Projected quarterly sales are: Sales - Q1 $1,140 Q2 $1,290 Q3 $1,380 Q4 $1,590 Sales for the first quarter of the following year are projected at $1,260. Calculate the company's cash outlays by completing the following: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Q1 Q2 Q3 TQ4 Payment of accounts Wages, taxes, other expenses Long-term financing expenses interest and dividends) Total

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