Practice problem 2: Cash Payments The Thakor Corp.'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 17 percent of sales, and interest and dividends are $60 per quarter. No capital expenditures are planned. Here are the projected quarterly sales: Q1 Q2 $620 $760 Sales Q3 $740 Q4 $660 Sales for the first quarter of the following year are projected at $810. Calculate the company's cash outlays for each quarter.

Practice problem 2: Cash Payments The Thakor Corp.'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 17 percent of sales, and interest and dividends are $60 per quarter. No capital expenditures are planned. Here are the projected quarterly sales: Sales for the first quarter of the following year are projected at \$810. Calculate the company's cash outlays for each quarter