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 $516,000; March $511,000; April $539,000; May $607,000; June $627,000: July $662,000 Purchases: Purchases are calculated as 61% of the next month's sales, 10% of purchases are made in cash, 45% of purchases are paid for 1 month after purchase, and the remaining 45% 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 $5,800 per month plus a variable cost of 7.5% of the current month's sales. Texes: A tax payment of S54,600 is due in June. Fixed asset outlaya: New equipment costing $75, 100 will be bought and paid for in April. Interest payments: An interest payment of $30,300 is duc 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. Feb Mar Apr May Jun Jul Sales $ $ Disbursements Purchases Cash $ $ $ $ $ $ 1 month delay 2 month delay Rent Wages and salary Fixed Variable $ Taxes Fixed assets Interest $ $ $ Cash dividends Total Disbursements $ Help Me Solve This View an Example Get More Help Clear All Check