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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 $478,000; March $494,000; April $568,000; May $599,000; June $651,000; July $647,000 Purchases: Purchases are calculated as 65% of the next month's sales, 8% of purchases are made in cash, 51% of purchases are paid for 1 month after purchase, and the remaining 41% of purchases are paid for 2 months after purchase. Rent: The firm pays rent of $7,950 per month. Wages and salaries: Base wage and salary costs are fixed at $5,900 per month plus a variable cost of 6.6% of the current month's sales. Taxes: A tax payment of $54,200 is due in June. Fixed asset outlays: New equipment costing $74,900 will be bought and paid for in April. Interest payments: An interest payment of $29,600 is due in June. Cash dividends: Dividends of $12,300 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 $ $ 494000 $ 568000 Disbursements Purchases $ Cash $ 1 month delay 2 month delay 1 month delay 2 month delay $ $ Rent Wages and salary Fixed $ TILL II Variable $ Taxes Fixed assets Interest Cash dividends $
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