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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 $123 per quarter. No capital expenditures are planned. Projected quarterly sales are: Q1 $1,260 $1,410$1,500 1,710 Q2 Q3 Q4 Sales Sales for the first quarter of the following year are projected at $1,380 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 Q4 Payment of accounts Wages, taxes, other expenses Long-term financing expenses (interest and dividends) Total
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