The Thakor Corporation’s purchases from suppliers in a quarter are equal to 60 percent of the next quarter’s forecasted sales. The payables period is 60 days. Wages, taxes, and other expenses are 25 percent of sales, and interest and dividends are $95 per quarter. No capital expenditures are planned. Projected quarterly sales are:
Q1 1869
Q2 2160
Q3 1860
Q4 1560
Sales for the first quarter of the following year are projected at $2,190. 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 financing expenses (interest and dividends)
Total $ $ $ $
Note : Payable period is 60 days : Date is provided with the Quarters ( 90 days) :
60 days Means = 2/3+1/3
2 months Payment from Previous quarter Purchases = 2/3 of Previous quarter Orders
1 month Payment from this Quarter Purchases = 1/3 of Current Quarter Order
Payment on accounts = 2/3 of Previous quarter orders + 1/3 of Current Quarter Order
The Thakor Corporation’s purchases from suppliers in a quarter are equal to 60 percent of the...
The Thakor Corporation’s purchases from suppliers in a quarter are equal to 60 percent of the next quarter’s forecasted 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: Q1 Q2 Q3 Q4 Sales $2,070 $2,370 $2,070 $1,770 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 round intermediate calculations and round...
The Thakor Corporation’s purchases from suppliers in a quarter are equal to 80 percent of the next quarter’s forecasted sales. The payables period is 60 days. Wages, taxes, and other expenses are 20 percent of sales, and interest and dividends are $80 per quarter. No capital expenditures are planned. Projected quarterly sales are: Q1 Q2 Q3 Q4 Sales $ 2,280 $ 2,580 $ 2,280 $ 1,980 Sales for the first quarter of the following year are projected at $2,610....
T The Thakor Corporation’s purchases from suppliers in a quarter are equal to 75 percent of the next quarter’s forecasted 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. Projected quarterly sales are: Q1 Q2 Q3 Q4 Sales $ 2,100 $ 2,400 $ 2,100 $ 1,800 Sales for the first quarter of the following year are projected at...
he MacDonald Corporation’s purchases from suppliers in a quarter are equal to 65 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 $123 per quarter. No capital expenditures are planned. Projected quarterly sales are: Q1 Q2 Q3 Q4 Sales $1,260 $1,410 $1,500 $1,710 Sales for the first quarter of the following year are projected at $1,380. Calculate the company’s cash outlays...
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The Glasgow 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 20 percent of sales and interest and dividends are $80 per quarter. No capital expenditures are planned. Here are the projected quarterly sales: Q1 Q2 Q3 Q4 Sales $ 2,280 $ 2,580 $ 2,280 $ 1,980 Sales for the first quarter of the following year are projected at...
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The MacDonald 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 30 percent of sales, and interest and dividends are $115 per quarter. No capital expenditures are planned. Projected quarterly sales are: Sales Q1 $1,530 Q2 $1,680 Q3 $1,740 Q4 $1,980 Sales for the first quarter of the following year are projected at $1,650. Calculate the company's cash outlays...
The MacDonald 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 30 percent of sales, and interest and dividends are $115 per quarter. No capital expenditures are planned. Projected quarterly sales are: Sales Q1 $1,530 Q2 $1,680 Q3 $1,740 Q4 $1,980 Sales for the first quarter of the following year are projected at $1,650. Calculate the company's cash outlays...
PLEASE 2 DECIMAL PLACES 4 The MacDonald 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 40 percent of sales, and interest and dividends are $129 per quarter. No capital expenditures are planned. Projected quarterly sales are: Q1 $1,080 Q2 Q3 Q4 10 $1,230 $1,320 $1,530 Sales polnts Sales for the first quarter of the following year are projected...