Calculate payments of accounts wages taxes and other


The Sepulcro Corporation’s purchases from suppliers in a quarter are equal to 80 percent of the next quarter’s forecast sales. The payables period is 60 days. Wages, taxes, and other expenses are 35 percent of sales, and interest and dividends are $121 per quarter. No capital expenditures are planned. Projected quarterly sales are: Q1 $1320 Q2 $1470 Q3 $ 1560 Q4 $ 1770 Sales for the first quarter of the following year are projected at $1,440. Calculate the company’s cash outlays by completing the following: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) For quarters 1, 2, 3, and 4, please calculate Payments of accounts Wages, taxes, and other expenses Long-term financing (interest and dividends)

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Calculate payments of accounts wages taxes and other
Reference No:- TGS02747297

Expected delivery within 24 Hours