Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
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Category > Management Posted 14 Oct 2017 My Price 6.00

Torrey Pine Corporatio

9.        Calculating Payments   The Torrey Pine Corporation’s purchases from sup- pliers 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 20 percent of sales, and interest and dividends are $90 per quarter. No capital expenditures are planned.

Projected quarterly sales are shown here:

 

 

Q1

Q2

Q3

Q4

Sales

$1,930

$2,275

$1,810

$1,520

 

Sales for the first quarter of the following year are projected at $2,150. Calculate the company’s cash outlays by completing the following:

 

 

 

Answers

Maurice Tutor
(5)
Status NEW Posted 14 Oct 2017 10:10 PM My Price 6.00

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