The Thakor Corporation's purchases from suppliers in a quarter are equal to 75 percent of the next
Question:
The Thakor 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 $73 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 $1,645. Calculate the company's cash outlays by completing the following:
Transcribed Image Text:
Ql Q2 Q3 Q4 Sales $1,435 $1,680 $1,520 $1,280 ei Q3 Q4 Payment of accounts Wages, taxes, and other expenses Long-term financing expenses (interest and dividends) Total
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 91% (12 reviews)
Input Area Purchases of sales 75 Projected sales Q1 next year 1645 Expenses of sales ...View the full answer
Answered By
Bree Normandin
Success in writing necessitates a commitment to grammatical excellence, a profound knack to pursue information, and a staunch adherence to deadlines, and the requirements of the individual publication. My background comprises writing research projects, research meta-analyses, literature reviews, white paper reports, multimedia projects, reports for peer-reviewed journals, among others. I work efficiently, with ease and deliver high-quality outputs within the stipulated deadline. I am proficient in APA, MLA, and Harvard referencing styles. I have good taste in writing and reading. I understand that this is a long standing and coupled with excellent research skills, analysis, well-articulated expressions, teamwork, availability all summed up by patience and passion. I put primacy on client satisfaction to gain loyalty, and trust for future projects. As a detail-oriented researcher with extensive experience surpassing eight years crafting high-quality custom written essays and numerous academic publications, I am confident that I could considerably exceed your expectations for the role of a freelance academic writer.
5.00+
7+ Reviews
21+ Question Solved
Related Book For
Corporate Finance
ISBN: 978-0077861759
11th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
Question Posted:
Students also viewed these Corporate Finance questions
-
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...
-
The Bandon Pine Corporations purchases from suppliers in a quarter are equal to 75 percent of the next quarters forecast sales. The payables period is 60 days. Wages, taxes, and other expenses are 20...
-
The Torrey Pine Corporations purchases from suppliers in a quarter are equal to 75 percent of the next quarters forecast sales. The payables period is 60 days. Wages, taxes, and other expenses are 20...
-
The preferred stock of Walter Industries Inc. currently sells for $36 a share and pays $2.50 in dividends annually. What is the firms cost of capital for the preferred stock?
-
A 1-cm X 2-cm waveguide is filled with deionized water with r = 81. If the operating frequency is 4.5 GHz, determine: (a) All possible propagating modes and their cutoff frequencies, (b) The...
-
Refer to Dell Computers (www.dell.com) and answer the following questions: A. Which depreciation method is used? B. Does the company have intangible assets? If so, how are they amortized? C. What is...
-
An 80-kg man rides in an elevator from the ground to an upper floor. The elevator goes from rest to \(10 \mathrm{~m} / \mathrm{s}\) in 5 seconds, and then continues at the same constant speed for 10...
-
Assume that Masters Enterprises uses the following headings on its balance sheet. (a) Current assets. (b) Investments. (c) Property, plant, and equipment. (d) Intangible assets . (e) Other assets....
-
1. Find the focal length of a convex mirror of radius of curvature 1m. 2. Focal length of a convex mirror is 50 cm. What is its radius of curvature? 3. Radius of curvature of a concave mirror is 25...
-
On January 1, 2020, Innovus, Inc., acquired 100 percent of the common stock of ChipTech Company for $670,000 in cash and other fair-value consideration. ChipTechs fair value was allocated among its...
-
Products has projected the following sales for the coming year: Sales in the year following this one are projected to be 15 percent greater in each quarter. a. Calculate payments to suppliers...
-
The following is the sales budget for Shleifer, Inc., for the first quarter of 2016: January February March Sales budget .................$258,000 ..............$274,200 ...........$298,000 Credit...
-
The comparative balance sheets for Beckwith Products Company are presented below. Additional Information: 1. Net income for 2011 was $58,400. 2. Cash dividends of $25,000 were declared and paid...
-
Discuss the advantages of the Computer Assisted Audit Technique to the Auditor? Delete Pg Up umLk The case study states the following: "The management judgements in question concern things like the...
-
which expense recognition method is used for paying rent on an office ? ? rational allocation or at time of revenue recognition or immediate recognition.
-
When the control process is described as cybernetic, it means that: the control process is used for gathering information about performance deficiencies before the behaviors and actions of workers in...
-
When is employee compensation referred to as variable pay? a. when employee pay is comprised of varying component b. when employer costs vary with the incentives offered C. when employee pay...
-
Calculate the total time needed to tranmit a file from Host A to Host B. All necessary numbers are below. A Link 1 Link 2 Link 3 75 m copper Distance 75 m 1500 km 20 m Switch 1 Medium Copper Optical...
-
Fill in the blanks by choosing the appropriate terms from the following list: call, exercise, put. A(n) __(a)__ option gives its owner the opportunity to buy a stock at a specific price, which is...
-
In your audit of Garza Company, you find that a physical inventory on December 31, 2012, showed merchandise with a cost of $441,000 was on hand at that date. You also discover the following items...
-
Fogle Manufacturing uses 2,590 switch assemblies per week and then reorders another 2,590. If the relevant carrying cost per switch assembly is $5.75 and the fixed order cost is $740, is the companys...
-
The Arizona Bay Corporation sells on credit terms of net 30. Its accounts are, on average, 4 days past due. If annual credit sales are $9.25 million, what is the companys balance sheet amount in...
-
No More Books Corporation has an agreement with Floyd Bank, whereby the bank handles $2.7 million in collections a day and requires a $425,000 compensating balance. No More Books is contemplating...
-
a) Give examples of low, medium and high strain rate test types. [4 marks] b) A plot of log (stress) against log (strain rate) provides a straight line relationship. Based on this, provide an...
-
3- Let the density of the pyramid material be p = 2000 kg/m. Determine the average normal stress at a cross section located at x measured from the apex. Express the stress as a function of x. Assume...
-
You are designing a wing with no aerodynamic twist based on the airfoil camber given by: N C 3.1 (H-H) = 0.1 The wing will have an aspect ratio of 10, a taper ratio of 0.8, and a constant geometric...
Study smarter with the SolutionInn App