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The Thakor Corporation's purchases from suppliers in a quarter are equal to 75 percent of the next quarter's forecast sales. The payables period is 60
The Thakor Corporation's purchases from suppliers in a quarter are equal to 75 percent of the next quarter's forecast sales. The payables period is 60 days. Wages, taxes, and other expenses are 15 percent of sales, and interest and dividends are $95 per quarter. No capital expenditures are planned Here are the projected quarterly sales 01 Q3 Q2 Sales $1,920 $2,220 $1,920 $1,620 Q4 Sales for the first quarter of the following year are projected at $2,250. 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 Q3 Q4 Payment of accounts Wages, taxes, other expenses Long-term financing expenses 288 188 243 (interest and dividends) 95 95 95 95 Total
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