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

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The Torrey Pine Corporation's purchases from suppliers in a quarter are equal to 60 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 $85 per quarter. No capital expenditures are planned Projected quarterly sales are shown here Q1 Q4 Sales $2.070 $2,370 $2,070 $1770 Q2 Q3 Sales for the first quarter of the following year are projected at $2,400 Calculate the company's cash outlays by completing the following: (Do not found intermediate calculations and round your answers to 2 decimal places, eg, 32.16.) 03 Payment of accounts Wages, taxes, other expenses Long-term financing expenses (Interest and dividends) Total Answer is complete but not entirely correct. 01 Q2 5 142200 38 1.242 00 S 1.06200 $ 51750 592 50 51750 8500 85.00 8500 $ 2.024 50 191950 $ 1.66450 S 04 1.440.00 $ 442 50 8500 1 967 5083 OO

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