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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 5513,000; March $475,000; April $567,000; May 5616,000: June $627,000; July $643,000 Purchases: Purchases are calculated as 61% of the next month's sales, 10% of purchases are made in cash, 47% of purchases are paid for 1 month after purchase, and the remaining 43% of purchases are paid for 2 months after purchase. Rent: The firm pays rent of $8,010 per month Wages and salaries: Base wage and salary costs are fixed at $6,500 per month plus a variable cost of 6.7% of the current month's sales. Taxes: A tax payment of $55,000 is due in June Fixed asset outlays: New equipment costing $75,200 will be bought and paid for in April. Interest payments: An interest payment of $30,300 is due in June. Cash dividends: Dividends of $12,900 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 $ CA $ $ $ $ $ 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 $ $ $ $ $ $ Enter any number in the edit fields and then click Check Answer. May Jun Jul GA $ $ Schedule of Projected Cash Disbursements for Maris Brothers, Inc. Feb Mar Apr Sales $ Disbursements Purchases S Cash $ 1 month delay 2 month delay Rent Wages and salary Fixed Variable $ Taxes Fixed assets Interest Cash dividends Total Disbursements GA IIIII IIIIIII GA A Enter any number in the edit fields and then click Check Answer. May Jun Jul $ $ $ $ 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 GA $ $ $ $ $ $ $ nter any number in the edit fields and then click Check
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