Question

In: Finance

The Torrey Pine Corporation’s purchases from suppliers in a quarter are equal to 70 percent of...

The Torrey Pine Corporation’s purchases from suppliers in a quarter are equal to 70 percent of the next quarter’s forecast sales. The payables period is 60 days. Wages, taxes, and other expenses are 15 percent of sales, and interest and dividends are $95 per quarter. No capital expenditures are planned.

Projected quarterly sales are shown here:
  Q1   Q2   Q3   Q4
  Sales $ 2,130 $ 2,430 $ 2,130 $ 1,830

Sales for the first quarter of the following year are projected at $2,460. 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

Solutions

Expert Solution

Please upvote if the ans is helpful. Thanks.

jeff jeffy answered 1 year ago
Next > < Previous

Related Solutions

The Torrey Pine Corporation’s purchases from suppliers in a quarter are equal to 60 percent of...
The Torrey Pine 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 25 percent of sales, and interest and dividends are $85 per quarter. No capital expenditures are planned. Projected quarterly sales are shown here:   Q1   Q2   Q3   Q4   Sales $ 2,190 $ 2,490 $ 2,190 $ 1,890 Sales for the first quarter of the following year are projected...
The Torrey Pine Corporation’s purchases from suppliers in a quarter are equal to 75 percent of...
The Torrey Pine 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 25 percent of sales, and interest and dividends are $75 per quarter. No capital expenditures are planned. Projected quarterly sales are shown here:   Q1   Q2   Q3   Q4   Sales $ 2,250 $ 2,550 $ 2,250 $ 1,950 Sales for the first quarter of the following year are projected...
The Torrey Pine Corporation’s purchases from suppliers in a quarter are equal to 60 percent of...
The Torrey Pine 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 25 percent of sales, and interest and dividends are $80 per quarter. No capital expenditures are planned. Projected quarterly sales are shown here:   Q1   Q2   Q3   Q4   Sales $ 1,980 $ 2,280 $ 1,980 $ 1,680 Sales for the first quarter of the following year are projected...
The MacDonald Corporation’s purchases from suppliers in a quarter are equal to 70 percent of the...
The MacDonald Corporation’s purchases from suppliers in a quarter are equal to 70 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 $117 per quarter. No capital expenditures are planned. Projected quarterly sales are: Q1 Q2 Q3 Q4   Sales $1,590 $1,740 $1,800 $2,040 Sales for the first quarter of the following year are projected at $1,710. Calculate the company’s cash outlays...
The Sepulcro Corporation’s purchases from suppliers in a quarter are equal to 65 percent of the...
The Sepulcro 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 $118 per quarter. No capital expenditures are planned. Projected quarterly sales are:    Q1 Q2 Q3 Q4 Sales $1,620 $1,770 $1,830 $2,070    Sales for the first quarter of the following year are projected at $1,740.    Calculate the...
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 $ 2,190 $ 2,490 $ 2,190 $ 1,890 Sales for the first quarter of the following year are projected at $2,520. Calculate...
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 $ 2,190 $ 2,490 $ 2,190 $ 1,890 Sales for the first quarter of the following year are projected at $2,520. Calculate...
The Thunder Dan's Corporation's purchases from suppliers in a quarter are equal to 65 percent of...
The Thunder Dan's Corporation's purchases from suppliers in a quarter are equal to 65 percent of the next quarter's forecasted sales. The payables period is 60 days. Beginning accounts payables is $200. Wages, taxes, and other expenses are 16 percent of sales, and interest and dividends are $60 per quarter. No capital expenditures are planned. Sales for the first quarter of the following year are projected at $720. The receivables period is 45 days. Beginning accounts receivables is $150. Initial...
In a given quarter, a company buys inventories from suppliers in an amount equal to 30%...
In a given quarter, a company buys inventories from suppliers in an amount equal to 30% of the following quarter's forecasted sales. Sales of the first quarter are projected to be $39,750. The company has a payables period of 120 days. Sales of the second quarter are projected to increase at 30.60% from the first, while sales of the third quarter are projected to increase at 10.80% from the second. Assuming quarter of 90 days, what is total cash payment...
Please fill in payment of account and total for Q1. The Sepulcro Corporation’s purchases from suppliers...
Please fill in payment of account and total for Q1. The Sepulcro 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 $113 per quarter. No capital expenditures are planned. Projected quarterly sales are:    Q1 Q2 Q3 Q4 Sales $1,470 $1,620 $1,680 $1,920    Sales for the first quarter of...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT