The Bandon Pine 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 35 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 $2,040 $2,340 $2,040 $1,740 Sales for the first quarter of the following year are projected at $2,370. 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.)

The Bandon Pine 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 35 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 $2,040 $2,340 $2,040 $1,740 Sales for the first quarter of the following year are projected at $2,370. 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.)

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 11P: Negus Enterprises has an inventory conversion period of 50 days, an average collection period of 35...

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