Cash disbursements schedule- Maris Brothers Inc., needs a cash disbursement schedule for the mot hs of April, May, and June. Use the format given (pic 2) and the following information in its preparation.

SALES: Feb $477,000; March $493,000; April $543,000; May $632,000; June $674,000; July $666,000

RENT: Firm pays $8,020 a month

WAGES/STATEMENTS: Base wage and salary are fixed at $6,500 per month plus a variable cost of 6.7% of the current months sales

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

FIXED ASSET OUTLAYS: New equipment costing $75,000 bought in April

INTEREST PAYMENTS: $29,600 due in June

CASH DIVIDENDS: $12,700 paid in April

PRINCIPAL REPAYMENTS AND RETIREMENTS: None during these months

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 $477,000; March $493,000; April $543,000; May $632,000; June $674,000; July $666,000 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 purchases are paid for 2 months after purchase. Rent: The firm pays rent of $8,020 per month. Wages and salaries: Base wage and salary costs are fixed at $6,500 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 $75,000 will be bought and paid for in April. Interest payments: An interest payment of $29,600 is due in June. Cash dividends: Dividends of $12,700 will be paid in April. Principal repayments and retirements: No principal repayments or retirements are due during these months. est 1 month delay $ 2 month delay Rent Wages and salary Enter any number in the edit fields and then continue to the next question. i More Info A Schedule of Projected Cash Disbursements for Maris Brothers, Inc. May Jun Jul Mar Apr Feb Sales Disbursements Purchases Cash 1 month delay 2 month delay Rent Wages and salary Fixed Variable Taxes Fixed assets Interest Cash dividends Total Done Print ments: 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 nter any number in the edit fields and then continue to the next question. Fixed asset outlays: New equipment costing $75,000 will be bought and paid for in April. Interest payments: An interest payment of $29,600 is due in June. Cash dividends: Dividends of $12,700 will be paid in April. Principal repayments and retirements: No principal repayments or retirements are due during these months. Fixed $ Variable $ Taxes S Fixed assets Interest Cash dividends Total Disbursements (Round to the nearest dollar.) Schedule of Projected Cash Disbursements for Maris Brothers, Inc. Feb Mar Apr May Jun Jul Sales Enter any number in the edit fields and then continue to the next question. Cipal repayments or retirements are due during these months. Schedule of Projected Cash Disbursements for Maris Brothers, Inc. Feb Mar Apr May Jun Jul Sales $ Disbursements Purchases S Cash 1 month delay 2 month delay Rent $ Wages and salary Fixed $ Variable Enter any number in the edit fields and then continue to the next question. A plus a variable cost of 6.7% of the current month's sales. x payment of $54,600 is due in June. Fixed asset outlays: New equipment costing $75,000 will be bought and paid for in April. Interest payments: An interest payment of $29,600 is due in June. Cash dividends: Dividends of $12,700 will be paid in April. Principal repayments and retirements: No principal repayments or retirements are due during these months. Variable $ Taxes Fixed assets Interest Cash dividends Total Disbursements (Round to the nearest dollar.) Schedule of Projected Cash Disbursements for Maris Brothers, Inc. Mar Apr May Jun Jul Feb S Sales Disbursements Enter any number in the edit fields and then continue to the next question. 40 Cash dividends: Dividends of $12,700 will be paid in April. Principal repayments and retirements: No principal repayments or retirements are due during these months. Disbursements Purchases Cash S 1 month delay 2 month delay S Rent Wages and salary Fixed S Variable Taxes S Fixed assets Interest Enter any number in the edit fields and then continue to the next question. 60 1 month delay 2 month delay Rent Wages and salary Fixed Variable Taxes Fixed assets Interest Cash dividends Total Disbursements Enter any number in the edit fields and then continue to the next question. 40