Answered step by step
Verified Expert Solution
Question
1 Approved Answer
answer all i will upvote!! thank you!! se 2 mastite aner puchey Faree Alac pamper at $34,908 is deve 18 June Cash disbursements schedule Mans
answer all i will upvote!! thank you!!
se 2 mastite aner puchey Faree Alac pamper at $34,908 is deve 18 June Cash disbursements schedule Mans Brothers, inc, needs a cash disbursement schedule for the moners of Apni, Moy. and June Sales Februaly $494,000, March 5500,000, Apri 5579,000, May $617,000, June $653,000, duly $645,000 Puchases: Purchases are calculaled as 65% of the next month's sales, 10% of purchases are made in cash, 47% of purcheses are for 2 months after purchase. Fient. The firm pays rent of $7,950 per month. Wages and salares. Base wage and salary costs are fixed at 55,900 per month plis a variable cost of 7 . 1% of the currerd month's s Teres: A tax payment of $54.300 is due in June. Fixed asset outiays. New equipment costing $74,600 will be bought and paid for in Aanl. Interest peyments: An interest payment of $20,800 is tue in June Cash difidends Dividends of 512,400 will be paid in Apnl Principal repayments and retrements: No principal repayments or refrements are dive during these months Complete the cash disbursements schedale for Maris Brothers, inc, below: (Round to the noarest dolla ) 1 month delay 2 month delay Rent Wages and salary Foxed Variable Taxes Fixed assets Intorest Cash dividends Total Disbursements Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started