Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. the bandon pine corporations purchases from suppli

The Bandon Pine Corporations purchases from suppliers in a quarter are equal to 60 percent...

50.1K

Verified Solution

Question

Finance

The Bandon Pine Corporations purchases from suppliers in a quarter are equal to 60 percent of the next quarters forecast sales. The payables period is 60 days. Wages, taxes, and other expenses are 25 percent of sales, and interest and dividends are $85 per quarter. No capital expenditures are planned.

Projected quarterly sales are shown here:

Q1 Q2 Q3 Q4
Sales $ 2,190 $ 2,490 $ 2,190 $ 1,890

Sales for the first quarter of the following year are projected at $2,520. Calculate the companys cash outlays by completing the following: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Modern Kitchens specializes on sell prefabricated kitchens. The company has stores in all major capital cities...

Finance
1.2K views

home / study / business / finance / finance questions and answers / question 11 the...

Medical Sciences
1.2K views

What surface of the thyroid gland is the parathyroid gland located?

Biology
1.2K views

1 Find out the EC number for the enzyme Adenylate Kinase 2 Explain what each...

Geometry
1.2K views

Question 7 Identify the operation that will trans g x 2 4 O g x...

Geometry
1.2K views

traits ed together on the project Re write the sentence considering technical writing 2 Salem...

Basic Math
1.2K views

Find an equation of a line that contains the points listed in the table to...

Basic Math
1.2K views

Evaluate x - 4x - 5 /x + 1when x = -4

Calculus
1.2K views

Select all that apply 5 2 500 Calculate E 2 where E is the elasticity...

Algebra
1.2K views

If f x 8x 3 and g x a f g x b g x...

Accounting
1.2K views

Please explain : Why does the cash realizable value not decrease when an uncollectible account...

Accounting
1.2K views

Portia Grant is an employee who is paid monthly. For the month of January of...