The Thakor Corporation€™s purchases from suppliers in a quarter are equal to 75 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 $170 per quarter. No capital expenditures are planned.
Projected quarterly sales are

Sales for the first quarter of the following year are projected at $1,820. Calculate the company€™s cash outlays by completing the following:

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Q1 Q2 Q3 Q4 04 $1,890 Sales $1,710 $1,830 $2,110 Q1 Q2 Q3 Q4 Payment of accounts Wages, taxes, other expenses Long-term financing expenses (interest and dividends) Total