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The Torrey Pine Corporation's purchases from suppliers in a quarter are equal to 75 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 75 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 $90 per quarter. No capital expenditures are planned points Projected quarterly sales are shown here. eBook Q1 Q2 Q3 Sales $1.670 $2,065 $1,810 Q4 $1,530 Print References Sales for the first quarter of the following year are projected at $2.025. 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 inancing expenses (interest and dividends) Total $ 1,755.25 $ 1.980.00 $ 1,739.50 $ 1,667.25

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