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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 $496,000; March $517,000; April $553,000; May $611,000; June $647,000; July $650,000 Purchases: Purchases are calculated as 61% 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 $7,990 per month. Wages and salaries: Base wage and salary costs are fixed at $6,200 per month plus a variable cost of 7.3% of the current month's sales. Taxes: A tax payment of $54,500 is due in June. Fixed asset outlays: New equipment costing $75,400 will be bought and paid for in April. Interest payments: An interest payment of $29,900 is due in June. Cash dividends: Dividends of $12,400 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.) May Jun Jul HA CA $ $ HA $ HA Schedule of Projected Cash Disbursements for Maris Brothers, Inc. Feb Mar Apr Sales $ $ Disbursements Purchases Cash 1 month delay 2 month delay $ Rent $ Wages and salary Fixed Variable Taxes Fixed assets Interest $ Cash dividends Total Disbursements 69 69 $ GA May Jun Jul $ $ EA $ Schedule of Projected Cash Disbursements for Maris Brothers, Inc. Feb Mar Apr Sales Disbursements Purchases Cash 1 month delay 2 month delay $ Rent Wages and salary Fixed $ Variable Taxes Fixed assets Interest Cash dividends Total Disbursements $ IIIII EA $ HA $ GA CA GA May Jun Jul CA $ GA $ A GA $ Schedule of Projected Cash Disbursements for Maris Brothers, Inc. Feb Mar Apr Sales Disbursements Purchases Cash 1 month delay 2 month delay Rent Wages and salary Fixed Variable Taxes Fixed assets Interest Cash dividends Total Disbursements $ $ $ $ 69 69 6 $ $ $ III 69
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