Question 7 1.5 pts Wright Inc. has forecasted the following quarterly sales amou

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Question 7 1.5 pts Wright Inc. has forecasted the following quarterly sales amounts for the upcoming year: Q1- $755; Q2 - $923; Q4 $687; Q3 $796 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 967. What are Wright's cash disbursements in the first quarter? (Round answer to O decimal places. Do not round intermediate calculations) Topic: Cash Budget

Explanation / Answer

Working:

Total cash disbursemets in quarter 1 $442

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