Erin's purchases from suppliers in a quarter are equal to 67 percent of the next quarter's forecast sales. The payables period is 60 days. Wages, taxes, and other expenses are 30 percent of sales, and interest and dividends are $90 per quarter. No capital expenditures are planned. Projected quarterly sales are: Sales for the first quarter of the following year are projected at $1,510. What is the amount of the firm's total cash outlay for the third quarter?

Question

Erin's purchases from suppliers in a quarter are equal to 67 percent of the next quarter's forecast sales. The payables period is 60 days. Wages, taxes, and other expenses are 30 percent of sales, and interest and dividends are $90 per quarter. No capital expenditures are planned. Projected quarterly sales are:  Sales for the first quarter of the following year are projected at $1,510. What is the amount of the firm's total cash outlay for the third quarter?

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The Answer of Erin's purchases from suppliers in a quarter are equal to 67 percent of the next quarter's forecast sales. The payables period is 60 days. Wages, taxes, and other expenses are 30 percent of sales, and interest and dividends are $90 per quarter. No capital expenditures are planned. Projected quarterly sales are:  Sales for the first quarter of the following year are projected at $1,510. What is the amount of the firm's total cash outlay for the third quarter?

Erin's Purchases from Suppliers in a Quarter Are Equal to 67