Sales in q1 of the following year are expected to be 944, Financial Management

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Sales in q1 of the following year are expected to be 944

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

Q1 = $770; Q2 = $691; Q3 = $887; Q4 = $800

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 944. What are Wright’s cash disbursements in the fourth quarter?

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Financial Management: Sales in q1 of the following year are expected to be 944

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Financial Management: Sales in q1 of the following year are expected to be 944

Reference No:- TGS02819894

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