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 $495,000; March $509,000; April $569,000; May $617,000; June $663,000; July $672,000 Purchases: Purchases are calculated as 55% of the next month's sales, 11% of purchases are made in cash, 52% of purchases are paid for 1 month after purchase, and the remaining 37% of 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 $6,100 per month plus a variable cost of 6.8% 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 $29,500 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. 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 $ $ $ May Jun Jul Disbursements Purchases Cash S $ $ 1 month delay 2 month delay $ Rent $ Wages and sale 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 $495,000; March $509,000; April $569,000; May $617,000; June $663,000; July $672,000 Purchases: Purchases are calculated as 55% of the next month's sales, 11% of purchases are made in cash, 52% of purchases are paid for 1 month after purchase, and the remaining 37% of 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 $6,100 per month plus a variable cost of 6.8% 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 $29,500 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. 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 $ $ $ May Jun Jul Disbursements Purchases Cash S $ $ 1 month delay 2 month delay $ Rent $ Wages and sale Fixed $ Variable $ Taxes $ Fixed assets $ Interest $ $ Cash dividends Total Disbursements $
