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 disbursements scheduleMaris Brothers, Inc., needs a cash disbursement schedule for the months of April, May, and June. Use the format given above

and the following information in its preparation.

Sales: February $491,000; March $480,000; April $ 579,000; May $623,000; June $627,000; July $656,000 Purchases: Purchases are calculated as 63 % of the next month's sales, 8 % of purchases are made in cash, 53 % of purchases are paid for 1 month after purchase, and the remaining 39% of purchases are paid for 2 months after purchase.

Rent: The firm pays rent of $7,990 per month.

Wages and salaries: Base wage and salary costs are fixed at $5,500 per month plus a variable cost of 6.7% of the current month's sales.

Taxes: A tax payment of $54,600 is due in June.

Fixed asset outlays: New equipment costing $74,500 will be bought and paid for in April.Interest payments: An interest payment of $29,900 is due in June.

Cash dividends: Dividends of $12,400 will be paid in April.

Principal repayments and retirements: No principal repayments or retirements are due during these months.

Complete the cash disbursements schedule for Maris Brothers, Inc. below: (Round to the nearest dollar.)

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

$