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:
..................Q1.......Q2................Q3.........Q4
Sales.........$1,930.....$2,275......$1,810........$1,520
Sales for the first quarter of the following year are projected at $2,150. Calculate the company's cash outlays by completing the following (Round your answer to 2 decimal places.(e.g.,32.16)):

Transcribed Image Text:

01 Q3 04 Payment of accounts Wages, taxes, other expenses Long-term financing expenses (interest and dividends) Total