accounting 433345

Hoyt Inc has estimated current year sales (in millions) for the next 4 years

	Q1) 260	Q2) 300	Q3) 310	Q4) 375

Sales for the 1st quarter next year are projected to by $275
Accts Rec at the beginning of the year were $100
The beginning cash balance is $50
Hoyt Inc turnover is 50 days
Purchases from suppliers in a quarter are equal to 60% of the nest quarter’s forcasted sales
Wages, taxes and other expenses are 25% of current sales.

1) what are total cash collections for Q1?
2)What are total cash disbursements for Q1?
3) What are wages, taxes and other expenses for Q3?
4) What are purchases for Q4?