Cash disbursements schedule Maris Brothers, Inc., needs a cash disbursement schedule for the months of April, May, and June. Use the form

its preparation.

Sales: February $$500,000$; March $$500,000$; April $$560,000$; May $$610,000$; June $$650,000$; July $$650,000$

Purchases: Purchases are calculated as $60\%$ of the next month's sales, $10\%$ of purchases are made in cash, $50\%$ of purchases are paid for $1$ mor

purchases are paid for $2$ months after purchase.

Rent: The firm pays rent of $$8,000$ per month.

Wages and salaries: Base wage and salary costs are fixed at $$6,000$ per month plus a variable cost of $7\mathrm{.}0\%$ of the current month's sales.

Taxes: A tax payment of $$54,500$ 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 $$30,000$ is due in June.

Cash dividends: Dividends of $$12,500$ will be paid in April.

Principal repayments and retirements: No principal repayments or retirements are due during these months.