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The Thakor Corporation’s purchases from suppliers in a quarter are equal to 75% of the next… 1 answer below » The Thakor Corporation’s purchases from suppliers in a quarter are equal to 75% of the next quarter’s forecast sales. The payables period in 60 days. Wages, taxes, and other expenses are 20 percent of sales, and interest and dividends are $60 per quarter. No capital expenditures are planned. Here are the projected quarterly sales: Q1 Q2 Q3 Q4 Sales $830 $1,050 $970 $860 Sales for the first quarter of the following year are projected at $970. Calculate the company’s cash outlays by completing the following: Q1 Q2 Q3 Q4 Payment of accounts Wages, taxes, and other expenses Long-term View complete question » The Thakor Corporation’s purchases from suppliers in a quarter are equal to 75% of the next quarter’s forecast sales. The payables period in 60 days. Wages, taxes, and other expenses are 20 percent of sales, and interest and dividends are $60 per quarter. No capital expenditures are planned. Here are the projected quarterly sales: Q1 Q2 Q3 Q4 Sales $830 $1,050 $970 $860 Sales for the first quarter of the following year are projected at $970. Calculate the company’s cash outlays by completing the following: Q1 Q2 Q3 Q4 Payment of accounts Wages, taxes, and other expenses Long-term financing expenses (interest and dividends) Total View less » Sep 17 2015 04:20 PM
