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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 and
Cash 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 its preparation. Sales: February $483,000; March $499,000; April $558,000; May $633,000; June $674,000; July $626,000 Purchases: Purchases are calculated as 62% of the next month's sales, 11% of purchases are made in cash, 55% of purchases are paid for 1 month after purchase, and the remaining 34% of purchases are paid for 2 months after purchase. Rent: The firm pays rent of $8,040 per month. Wages and salaries: Base wage and salary costs are fixed at $6,000 per month plus a variable cost of 7.4% of the current month's sales. Taxes: A tax payment of $54,600 is due in June. Fixed asset outlays: New equipment costing $74,600 will be bought and paid for in April. Interest payments: An interest payment of $29,600 is due in June. Cash dividends: Dividends of $12,400 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.) 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 Schedule of Projected Cash Disbursements for Maris Brothers, Inc. Feb Mar Apr May Jun Jul Sales $ $ Disbursements Purchases $ Cash 1 month delay IIIII 2 month delay Rent Wages and salary Fixed $ Variable Taxes Fixed assets NI Interest Cash dividends $ Total Disbursements $
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