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17 votes
17 votes
The Thakor Corp.’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.
Here are the projected quarterly sales:
Q1 Q2 Q3 Q4
Sales $2,190 $2,490 $2,190 $1,890
Sales for the first quarter of the following year are projected at $2,520. Calculate the company's
cash outlays by completing the following: (Do not round intermediate calculations. Round
the answers to 2 decimal places. Omit $ sign in your response.)
Q1 Q2 Q3 Q4
Payment of accounts
Wages, taxes, and other
expenses
Long-term financing
expenses
Total

The Thakor Corp.’s purchases from suppliers in a quarter are equal to 60 percent of-example-1
User MindHacks
by
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1 Answer

10 votes
10 votes

Answer:

Q1: $738.00, Q2: $862.00, Q3: $646.00, Q4: $546.00, Total: $2,792.00

Step-by-step explanation:

User Esabe
by
3.0k points