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Cash disbursements schedule Maris Brothers, Inc., needs a cash disbursement schedule for the months of April, May, and June. Use the format given here i
Cash disbursements schedule Maris Brothers, Inc., needs a cash disbursement schedule for the months of April, May, and June. Use the format given here i and the following information in its preparation. Sales: February $513,000; March $479,000; April $581,000; May $592,000; June $638,000; July $660,000 Purchases: Purchases are calculated as 56% of the next month's sales, 8% of purchases are made in cash, 54% of purchases are paid for 1 month after purchase, and the remaining 38% of purchases are paid for 2 months after purchase. Rent: The firm pays rent of $7,970 per month. Wages and salaries: Base wage and salary costs are fixed at $5,700 per month plus a variable cost of 6.7% of the current month's sales. Taxes: A tax payment of $55,000 is due in June. Fixed asset outlays: New equipment costing $75,200 will be bought and paid for in April. Interest payments: An interest payment of $29,500 is due in June. Cash dividends: Dividends of $12,500 will be paid in April. Principal repayments and retirements: No principal repayments or retirements are due during these months. Feb Mar Apr May Jun Jul Sales $ $ $ A Disbursements Purchases Cash 1 month delay 2 month delay A A Rent A Wages and salary Fixed A Variable A Taxes A Fixed assets A Interest A Enter any number in the edit fields and then click Check
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