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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 Q2 Q3 Q4
Sales $ 1,860 $ 2,160 $ 1,860 $ 1,560
Sales for the first quarter of the following year are projected at $2,190. Calculate the company's cash outlays by completing the following:
Q1
Q2
Q3
Q4
Payments of accounts
Wages, taxes, and other expenses
Long-term financing expenses (interest and dividends)
Total
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