The Bandon Pine 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. Wages, taxes, and other expenses are 30 percent of sales, and interest and dividends are $90 per quarter. No capital expenditures are planned. Projected quarterly sales are: 01 02 Q3 04 Sales $ 1,830 $ 2,130 $ 1,830 $ 1,530 Sales for the first quarter of the following year are projected at $2,160. Calculate the company's cash outlays by completing the following: Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Payment of accounts Wages, taxes, other expenses Long-term financing expenses (interest and dividends) Total Q1 Q2 Q3 Q4
The Bandon Pine 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. Wages, taxes, and other expenses are 30 percent of sales, and interest and dividends are $90 per quarter. No capital expenditures are planned. Projected quarterly sales are: 01 02 Q3 04 Sales $ 1,830 $ 2,130 $ 1,830 $ 1,530 Sales for the first quarter of the following year are projected at $2,160. Calculate the company's cash outlays by completing the following: Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Payment of accounts Wages, taxes, other expenses Long-term financing expenses (interest and dividends) Total Q1 Q2 Q3 Q4
Chapter9: Capital Budgeting And Cash Flow Analysis
Section: Chapter Questions
Problem 20P
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Raghubhai
![The Bandon Pine 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. Wages, taxes, and other expenses are 30 percent of sales, and interest and dividends are $90 per
quarter. No capital expenditures are planned.
Projected quarterly sales are:
Q1
02
Q3
04
Sales $ 1,830 $ 2,130 $ 1,830 $ 1,530
Sales for the first quarter of the following year are projected at $2,160. Calculate the company's cash outlays by completing the
following:
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.
Payment of accounts
Wages, taxes, other expenses
Long-term financing expenses
(interest and dividends)
Total
Q1
Q2
Q3
Q4](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff26450ec-3115-45e7-b023-1fee3db224f6%2F49db69a3-e875-457a-abf5-c3631a8d3049%2F934fipk_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The Bandon Pine 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. Wages, taxes, and other expenses are 30 percent of sales, and interest and dividends are $90 per
quarter. No capital expenditures are planned.
Projected quarterly sales are:
Q1
02
Q3
04
Sales $ 1,830 $ 2,130 $ 1,830 $ 1,530
Sales for the first quarter of the following year are projected at $2,160. Calculate the company's cash outlays by completing the
following:
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.
Payment of accounts
Wages, taxes, other expenses
Long-term financing expenses
(interest and dividends)
Total
Q1
Q2
Q3
Q4
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