1.11 7 points eBook The Bandon Pine Corporation's purchases from suppliers in a quarter are equal to 80 percent of the next quarter's forecast sales. The payables period is 60 days. Wages, taxes, and other expenses are 35 percent of sales, and interest and dividends are $121 per quarter. No capital expenditures are planned. Projected quarterly sales are: Q1 Sales $ 1,320 Q2 Q3 Q4 $ 1,470 $ 1,560 $ 1,770 Sales for the first quarter of the following year are projected at $1,440. Calculate the company's cash outlays by completing the following: Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Print Payment of accounts Wages, taxes, other expenses References Long-term financing expenses (interest and dividends) Total Q1 Q2 Q3 Q4
1.11 7 points eBook The Bandon Pine Corporation's purchases from suppliers in a quarter are equal to 80 percent of the next quarter's forecast sales. The payables period is 60 days. Wages, taxes, and other expenses are 35 percent of sales, and interest and dividends are $121 per quarter. No capital expenditures are planned. Projected quarterly sales are: Q1 Sales $ 1,320 Q2 Q3 Q4 $ 1,470 $ 1,560 $ 1,770 Sales for the first quarter of the following year are projected at $1,440. Calculate the company's cash outlays by completing the following: Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Print Payment of accounts Wages, taxes, other expenses References Long-term financing expenses (interest and dividends) Total Q1 Q2 Q3 Q4
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter22: Providing And Obtaining Credit
Section: Chapter Questions
Problem 2MC
Related questions
Question
![1.11
7
points
eBook
The Bandon Pine Corporation's purchases from suppliers in a quarter are equal to 80 percent of the next quarter's forecast sales. The
payables period is 60 days. Wages, taxes, and other expenses are 35 percent of sales, and interest and dividends are $121 per quarter.
No capital expenditures are planned. Projected quarterly sales are:
Q1
Sales $ 1,320
Q2
Q3
Q4
$ 1,470 $ 1,560 $ 1,770
Sales for the first quarter of the following year are projected at $1,440. Calculate the company's cash outlays by completing the
following:
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.
Print
Payment of accounts
Wages, taxes, other expenses
References
Long-term financing expenses (interest and dividends)
Total
Q1
Q2
Q3
Q4](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe2a0af8c-3463-4ea7-b055-3640776252de%2Ffdfb6479-8983-4733-9839-5c808e5ff3b2%2Fgdekf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1.11
7
points
eBook
The Bandon Pine Corporation's purchases from suppliers in a quarter are equal to 80 percent of the next quarter's forecast sales. The
payables period is 60 days. Wages, taxes, and other expenses are 35 percent of sales, and interest and dividends are $121 per quarter.
No capital expenditures are planned. Projected quarterly sales are:
Q1
Sales $ 1,320
Q2
Q3
Q4
$ 1,470 $ 1,560 $ 1,770
Sales for the first quarter of the following year are projected at $1,440. Calculate the company's cash outlays by completing the
following:
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.
Print
Payment of accounts
Wages, taxes, other expenses
References
Long-term financing expenses (interest and dividends)
Total
Q1
Q2
Q3
Q4
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