9. Calculating Payments [LO3] The Torrey Pine 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 20 percent of sales, and interest and dividends are $90 per quarter. No capital expenditures are planned. Projected quarterly sales are shown here: Q2 Sales $1,670 $2,065 $1,810 $1,530 Q1 Q3 Q4 Sales for the first quarter of the following year are projected

Receivables Investment Snider Industries sells on terms of 2/10, net 35. Total sales for the year are $1,400,000. Thirty percent of customers pay on the 10th day and take discounts; the other 70% pay, on average, 40 days after their purchases. Assume a 365-day year.   What is the days sales outstanding? Do not round intermediate calculations. Round your answer to the nearest whole number.  days What is the average amount of receivables? Do not round intermediate calculations. Round your answer to the nearest dollar. $   What would happen to average receivables if Snider toughened its collection policy with the result that all nondiscount customers paid on the 35th day? Do not round intermediate calculations. Round your answer to the nearest dollar. $

Violet Sales Corp, reports the year-end information from 2023 as follows:         Sales (35,500 units)               $284,000         Cost of goods sold                  105,000         Gross margin                           179,000         Operating expenses                152,000         Operating income                   $27,000 Violet is developing the 2024 budget. In 2024 the company would like to increase selling prices by 3.5%, and as a result expects a decrease in sales volume of 14%. All other operating expenses are expected to remain constant. Assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost. What is budgeted sales for 2024?

The MacDonald 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 40 percent of sales, and interest and dividends are $124 per quarter. No capital expenditures are planned. Projected quarterly sales are:      Q1    Q2    Q3    Q4  Sales    $1,230    $1,380    $1,470    $1,680 Sales for the first quarter of the following year are projected at $1,350. 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.)