The Bandon Pine 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 15 percent of sales, and interest and dividends are $95 per quarter. No capital expenditures are planned. Projected quarterly sales are shown here: Q1 Q2 Q3 Q4 Sales $2,130 $2,430 $2,130 $1,830 Sales for the first quarter of the following year are projected at $2,460. Calculate the company's cash outlays by completing the following: (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 X Answer is complete but not entirely correct. Q1 Q2 $ $ 1,491.00 $ 9.50 95.00 2,122.50 x $ 1,561.00 $ 364 95.00✔ 2,020.50 $ Q3 1,351.00 $ ✓ 95.00✔ 1,765.50 $ Q4 1,575.00 X 95.00 1,994.50 X

The Bandon Pine 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 15 percent of sales, and interest and dividends are $95 per quarter. No capital expenditures are planned. Projected quarterly sales are shown here: Q1 Q2 Q3 Q4 Sales $2,130 $2,430 $2,130 $1,830 Sales for the first quarter of the following year are projected at $2,460. Calculate the company's cash outlays by completing the following: (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 X Answer is complete but not entirely correct. Q1 Q2 $ $ 1,491.00 $ 9.50 95.00 2,122.50 x $ 1,561.00 $ 364 95.00✔ 2,020.50 $ Q3 1,351.00 $ ✓ 95.00✔ 1,765.50 $ Q4 1,575.00 X 95.00 1,994.50 X

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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