Wright inc has forecasted the following quarterly sales, Ask an Expert

Finance

Wright Inc. has forecasted the following quarterly sales amounts for the upcoming year:

Q1 = $746; Q2 = $686; Q3 = $907; Q4 = $808

Wright’s purchases from suppliers in a quarter are equal to 70% of the next quarter's forecasted sales. The payables period is 60 days. Wages, taxes, and other expenses are 17% of sales, and interest and dividends are $62 per quarter. No capital expenditures are planned.

Sales in Q1 of the following year are expected to be 933. What are Wright’s cash disbursements in the first quarter?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92855780

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