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The Thakor Corporations purchases from suppliers in a quarter are equal to 60 percent of...

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Finance

The Thakor Corporations purchases from suppliers in a quarter are equal to 60 percent of the next quarters forecasted 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:

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.)

Q1 Q2 Q3 Q4

Payment of accounts $ $ $ $

Wages, taxes, other expenses 547.5 622.5 547.5 472.5\

Long-term financing expenses (interest and dividends) 85 85 85 85

Total $ $ $ $

I need help with Payment of Accounts and the Total.

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