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The Bruin 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 $122 per quarter. No capital expenditures are planned. Projected quarterly sales are: Sales Q1 $1,290 Q2 $1,440 Q3 $1,530 Q4 $1,740 Sales for the first quarter of the following year are projected at $1,410. Calculate Bruin's cash outlays by completing the following: Payment of accounts Wages, taxes, other expenses Long-term financing expenses (interest and dividends) Total Q1 Q2 Q3 Q4

The Bruin 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 $122 per quarter. No capital expenditures are planned. Projected quarterly sales are: Sales Q1 $1,290 Q2 $1,440 Q3 $1,530 Q4 $1,740 Sales for the first quarter of the following year are projected at $1,410. Calculate Bruin's cash outlays by completing the following: Payment of accounts Wages, taxes, other expenses Long-term financing expenses (interest and dividends) Total Q1 Q2 Q3 Q4

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The Bruin 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 $122 per quarter. No capital expenditures are planned. Projected quarterly sales are: Sales Q1 $1,290 Q2 $1,440 Q3 $1,530 Q4 $1,740 Sales for the first quarter of the following year are projected at $1,410. Calculate Bruin's cash outlays by completing the following: Payment of accounts Wages, taxes, other expenses Long-term financing expenses (interest and dividends) Total Q1 Q2 Q3 Q4
Transcribed Image Text:The Bruin 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 $122 per quarter. No capital expenditures are planned. Projected quarterly sales are: Sales Q1 $1,290 Q2 $1,440 Q3 $1,530 Q4 $1,740 Sales for the first quarter of the following year are projected at $1,410. Calculate Bruin's cash outlays by completing the following: Payment of accounts Wages, taxes, other expenses Long-term financing expenses (interest and dividends) Total Q1 Q2 Q3 Q4
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