Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. the torrey pine corporation's purchases from suppl

The Torrey Pine Corporation's purchases from suppliers in a quarter are equal to 60 percent...

80.2K

Verified Solution

Question

Finance

image
The Torrey Pine Corporation's purchases from suppliers in a quarter are equal to 60 percent of the next quarter's forecast sales. The payables period is 60 days. Wages, taxes, and other expenses are 25 percent of sales, and interest and dividends are $95 per quarter. No capital expenditures are planned. Projected quarterly sales are Q1 = $1,860, Q2 = $2,160, Q3 = 1,860, Q4 = $1,560. Calculate the company's cash outlay for Q2 $1,736 $1,616 $1,871 $1,362 None of the above

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

Geometry
1.2K views

15 A flag pole 18 feet tall casts a shadow 12 feet long at a...

Accounting
1.2K views

Required information Use the following information for the Exercises below. [The following information applies to the questions displayed...

Biology
1.2K views

The variety and number of life forms on Earth is called hybridization O True O...

Physics
1.2K views

In the circuit shown in figure 3 240 switch S is closed at time t...

Geometry
1.2K views

Petrolyn motor oil is a combination of natural oil and synthetic oil. It contains 5...

Accounting
1.2K views

9. Indicate and explain at least three beneficiation processes that can be implemented at a...

Accounting
1.2K views

11. Globe-Democrat newspapers sold 360 of annual subscriptions for cash at $100 each on May...

Accounting
1.2K views

You have just been hired as a financlal analyst for Lydex Company, a manufacturer of...

Finance
1.2K views

When it comes to investing Group of answer choices You should go with your "gut...

Accounting
1.2K views

direct labor hours is the cost driver for overhead. using the following information, what is...

Accounting
1.2K views

Exercise 5-15 (Algo) Record notes receivable and interest revenue (LO5-7) On March 1, Terrell \&...

Finance
1.2K views

4 18. Blue Company recently reported $10,500 of sales, $4,000 of operating costs other than...