Question

1. In a given quarter, a company buys inventories from suppliers in an amount equal to...

1. In a given quarter, a company buys inventories from suppliers in an amount equal to 46% of the following quarter's forecasted sales. Sales of the first quarter are projected to be $19,230. The company has a payables period of 90 days. Sales of the second quarter are projected to increase at 24.54% from the first. Total wages, taxes, and other expenses are projected to equal 9.54% of the projected sales. The dividends and interest payments are projected to be $121 per quarter. Assuming a quarter of 90 days, what is the company's total cash payments in the first quarter?

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
In a given quarter, a company buys inventories from suppliers in an amount equal to 43%...
In a given quarter, a company buys inventories from suppliers in an amount equal to 43% of the following quarter's forecasted sales. Sales of the first quarter are projected to be $13,290. The company has a payables period of 90 days. Sales of the second quarter are projected to increase at 23.82% from the first. Total wages, taxes, and other expenses are projected to equal 8.82% of the projected sales. The dividends and interest payments are projected to be $100...
4. In a given quarter, a company buys inventories from suppliers in an amount equal to...
4. In a given quarter, a company buys inventories from suppliers in an amount equal to 33% of the following quarter's forecasted sales. Sales of the first quarter are projected to be $42,480. The company has a payables period of 120 days. Sales of the second quarter are projected to increase at 32.10% from the first, while sales of the third quarter are projected to increase at 12.30% from the second. Assuming a quarter of 90 days, what is total...
The Thakor Corporation's purchases from suppliers in a quarter are equal to 65 percent of the...
The Thakor 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: Sales Q1 $1,830 Q2 $2,130 Q3 1,830 Q4 1,530 Sales for the first quarter of the following year are projected at $2,160. Calculate the company's cash outlays...
King Fisher Aviation purchases from suppliers in a quarter are equal to 65% of the next...
King Fisher Aviation purchases from suppliers in a quarter are equal to 65% of the next quarter's forecast sales. The payables period is 30 days. Wages, taxes, and other expenses are 25% of sales, and interest and dividends are $68 per quarter. Projected quarterly sales are as follows. Quarter 1 $1,300 Quarter 2 $1,400 Quarter 3 $1,400 Quarter 4 $1,200 Sales for the first quarter of the next year are projected to be $1,500. Calculate the company's cash outlays, by...
The Thakor Corporation’s purchases from suppliers in a quarter are equal to 80 percent of the...
The Thakor Corporation’s purchases from suppliers in a quarter are equal to 80 percent of the next quarter’s forecasted sales. The payables period is 60 days. Wages, taxes, and other expenses are 20 percent of sales, and interest and dividends are $80 per quarter. No capital expenditures are planned. Projected quarterly sales are: Q1 Q2 Q3 Q4 Sales $ 2,280 $ 2,580 $ 2,280 $ 1,980 Sales for the first quarter of the following year are projected at $2,610. Calculate...
The Glasgow Corporation’s purchases from suppliers in a quarter are equal to 75 percent of the...
The Glasgow Corporation’s purchases from suppliers 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 25 percent of sales and interest and dividends are $75 per quarter. No capital expenditures are planned. Here are the projected quarterly sales:   Q1   Q2   Q3   Q4   Sales $ 2,250 $ 2,550 $ 2,250 $ 1,950 Sales for the first quarter of the following year are projected at...
The Selco Corporation’s purchases from suppliers in a quarter are equal to 65 percent of the...
The Selco Corporation’s purchases from suppliers in a quarter are equal to 65 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 $95 per quarter. No capital expenditures are planned. Projected quarterly sales are: Q1 Q2 Q3 Q4 Sales $2,370 $2,670 $2,370 $2,070 Sales for the first quarter of the following year are projected at $2,700. Calculate the company’s cash outlays...
The MacDonald Corporation’s purchases from suppliers in a quarter are equal to 70 percent of the...
The MacDonald 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: Q2 Q2 Q3   Sales $1,290 $1,440 $1,530 $1,740 Sales for the first quarter of the following year are projected at $1,410. Calculate the company’s cash outlays by...
The Glasgow Corporation’s purchases from suppliers in a quarter are equal to 75 percent of the...
The Glasgow Corporation’s purchases from suppliers 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 15 percent of sales and interest and dividends are $80 per quarter. No capital expenditures are planned. Here are the projected quarterly sales:   Q1   Q2   Q3   Q4   Sales $ 2,310 $ 2,610 $ 2,310 $ 2,010 Sales for the first quarter of the following year are projected at...
The Torrey Pine Corporation’s purchases from suppliers in a quarter are equal to 60 percent of...
The Torrey Pine Corporation’s purchases from suppliers in a quarter are equal to 60 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 $80 per quarter. No capital expenditures are planned. Projected quarterly sales are shown here:   Q1   Q2   Q3   Q4   Sales $ 1,980 $ 2,280 $ 1,980 $ 1,680 Sales for the first quarter of the following year are projected...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT