Question

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 at $1,200. 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.) еВok References Q1 Q2 Q3 Q4 Payment of accounts Wages, taxes, other expenses Long-term financing expenses (interest and dividends) Total

Answer 1

Purchase Budget Last Year Current Year Next Year Q1 Q1 Q4 Q2 Q3 Q4 Sales 1080.00 1230.00 1320.00 1530.00 1200.00 Purchases 738.00 792.00 918.00 720.00 648.00 Cash Outlay Q4 Q1 Q2 Q3 Payment of accounts Wages, taxes, other expenses Long-term financing expense Total 756.00 678.00 834.00 852.00 432.00 492.00 528.00 612.00 129.00 129.00 129.00 129.00 1377.00 1239.00 1491.00 1593.00 Payable Period= 60 days Payment of Accounts 1/3 *Current Quarter Purchase 2/3 * Last Quarter Purchase Wages, taxes, other expenses 40% Current Quarter Sales