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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 $502,000; March $510,000; April $583,000; May $620,000: June $658,000; July $634,000 Purchases: Purchases are calculated as 58% of the next month's sales, 11% of purchases are made in cash, 53% of purchases are paid for 1 month after purchase, and the remaining 36% 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 $6,000 per month plus a variable cost of 6.9% of the current month's sales. Taxes: A tax payment of $54,400 is due in June. Fixed asset outlays: New equipment costing $75,300 will be bought and paid for in April. Interest payments: An interest payment of $29,900 is due in June. Cash dividends: Dividends of $12,600 will be paid in April. Principal ropayments and retirements: No principal repayments or retirements are due during these months. G. $ 1 month delay 2 month delay Rent Wages and salary Fixed $ $ Variable Taxes Fixed assets $ Interest $ $ Cash dividends Total Disbursements $ 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 $502,000; March $510,000: April $583,000; May $620,000: June $658.000; July $634,000 Purchases: Purchases are calculated as 56% of the next month's sales, 11% of purchases are made in cash, 53% of purchases are paid for 1 month after purchase, and the remaining 36% 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 $6,000 per month plus a variable cost of 6.9% of the current month's sales. Taxes: A tax payment of $54,400 is due in June, Fixed asset outlays: New equipment costing $75,300 will be bought and paid for in April. Interest payments: An interest payment of $29,900 is due in June. Cash dividends: Dividends of $12,600 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 Sales 502000 $ 510000 $ 583000 May Jun Jul Disbursements $ $ Purchases Cash $ $ $ 1 month delay 2 month delay Rent Wages and salary $
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