Question
The Sepulcro Corporation's purchases from suppliers in a quarter are equal to 65 percent of the next quarter's forecast sales. The payables period is 60
The Sepulcro Corporation's purchases from suppliers in a quarter are equal to 65 percent of the next quarter's forecast sales. The payables period is 60 days. Wages, taxes, and other expenses are 20 percent of sales, and interest and dividends are $113 per quarter. No capital expenditures are planned. Projected quarterly sales are: Q1: 1470, Q2: 1620, Q3: 1680 Q4:1920 Sales for the first quarter of the following year are: $1590. Calculate the company's cash outlays by completing the following: payment of accounts per quarter, wages, taxes or other expenses per quarter and long term financing expenses per quarter and totals per quarter.
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