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Sash disbursements schedule Maris Brothers, Inc., needs a cash disbursement schedule for the months of April, May, and June. Use the format given here and the following information in ts preparation. Sales: February $479,000; March $477,000; April $540,000; May $621,000; June $627,000; July $668,000 Purchases: Purchases are calculated as 55% of the next month's sales, 10% of purchases are made in cash, 55% of purchases are paid for 1 month after purchase, and the remaining 35% of urchases are paid for 2 months after purchase. Rent: The firm pays rent of $7,980 per month. Nages and salaries: Base wage and salary costs are fixed at $5,600 per month plus a variable cost of 6.9% of the current month's sales. Taxes: A tax payment of $54,700 is due in June. Fixed asset outlays: New equipment costing $75,300 will be bought and paid for in April. nterest payments: An interest payment of $29,800 is due in June. Cash dividends: Dividends of $12,800 will be paid in April. Principal repayments and retirements: No principal repayments or retirements are due during these months. A Schedule of Projected Cash Disbursements for Maris Brothers, Inc. Feb Mar Apr May Jun Jul Sales Disbursements Purchases Cash 1 month delay 2 month delay Rent Wages and salary Fixed Variable Taxes Fixed assets Interest Cash dividends Total Disbursements Cash budget - Basic Grenoble Enterprises had sales of $50,200 in March and $60,300 in April. Forecast sales for May, June, and July are $69,900,$79,800, and $99,800, respectively. The firm has a cash balance of $4,500 on May 1 and wishes to maintain a minimum cash balance of $4,500. Given the following data, prepare and interpret a cash budget for the months of May, June, and July. (1) The firm makes 22% of sales for cash, 58% are collected in the next month, and the remaining 20% are collected in the second month following sale. (2) The firm receives other income of $2,200 per month. (3) The firm's actual or expected purchases, all made for cash, are $49,700,$69,600, and $80,400 for the months of May through July, respectively. (4) Rent is $3,500 per month. (5) Wages and salaries are 9% of the previous month's sales. (6) Cash dividends of $2,500 will be paid in June. (7) Payment of principal and interest of $4,400 is due in June. (8) A cash purchase of equipment costing $5,800 is scheduled in July. (9) Taxes of $5,500 are due in June. Sash disbursements schedule Maris Brothers, Inc., needs a cash disbursement schedule for the months of April, May, and June. Use the format given here and the following information in ts preparation. Sales: February $479,000; March $477,000; April $540,000; May $621,000; June $627,000; July $668,000 Purchases: Purchases are calculated as 55% of the next month's sales, 10% of purchases are made in cash, 55% of purchases are paid for 1 month after purchase, and the remaining 35% of urchases are paid for 2 months after purchase. Rent: The firm pays rent of $7,980 per month. Nages and salaries: Base wage and salary costs are fixed at $5,600 per month plus a variable cost of 6.9% of the current month's sales. Taxes: A tax payment of $54,700 is due in June. Fixed asset outlays: New equipment costing $75,300 will be bought and paid for in April. nterest payments: An interest payment of $29,800 is due in June. Cash dividends: Dividends of $12,800 will be paid in April. Principal repayments and retirements: No principal repayments or retirements are due during these months. A Schedule of Projected Cash Disbursements for Maris Brothers, Inc. Feb Mar Apr May Jun Jul Sales Disbursements Purchases Cash 1 month delay 2 month delay Rent Wages and salary Fixed Variable Taxes Fixed assets Interest Cash dividends Total Disbursements Cash budget - Basic Grenoble Enterprises had sales of $50,200 in March and $60,300 in April. Forecast sales for May, June, and July are $69,900,$79,800, and $99,800, respectively. The firm has a cash balance of $4,500 on May 1 and wishes to maintain a minimum cash balance of $4,500. Given the following data, prepare and interpret a cash budget for the months of May, June, and July. (1) The firm makes 22% of sales for cash, 58% are collected in the next month, and the remaining 20% are collected in the second month following sale. (2) The firm receives other income of $2,200 per month. (3) The firm's actual or expected purchases, all made for cash, are $49,700,$69,600, and $80,400 for the months of May through July, respectively. (4) Rent is $3,500 per month. (5) Wages and salaries are 9% of the previous month's sales. (6) Cash dividends of $2,500 will be paid in June. (7) Payment of principal and interest of $4,400 is due in June. (8) A cash purchase of equipment costing $5,800 is scheduled in July. (9) Taxes of $5,500 are due in June
