Please correct answer and don't used hand raiting The Bandon Pine Corporation's purchases from suppliers in a quarter are equal to 70percent 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 $90per quarter. No capital expenditures are planned.Here are the projected quarterly sales:SalesQ1Q3Q4Q2$1,890 $2,190 $1,890 $1,590Sales for the first quarter of the following year are projected at $2,220. Calculate thecompany's cash outlays by completing the following: (Do not round intermediatecalculations and round your answers to 2 decimal places, e.g., 32.16.)Payment of accountsWages, taxes, other expensesLong-term financing expenses (interest and dividends)TotalQ1Q2Q3Q4

Step 1: Compute the total payment made to accounts by using the following method:…

Answered: The Bandon Pine Corporation's purchases…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter9: Capital Budgeting And Cash Flow Analysis

Section: Chapter Questions

Problem 20P

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