Cash disbursements scheduleMaris Brothers, Inc., needs a cash disbursement schedule for the months of April, May, and June. Use the format given here

LOADING...

and the following information in its preparation.

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 $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 month after purchase, and the remaining 40% 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 $6,000 per month plus a variable cost of 7.0% 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. More Info 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.) A Schedule of Projected Cash Disbursements for Maris Brothers, Inc. Feb Mar Apr May Sales Disbursements Jun Schedule of Projected Cash Disbursements for Maris Brothers, Inc. Feb Mar Apr May Sales $ $ $ Jul Jun Jul Purchases Cash Disbursements Purchases $ $ Cash $ 1 month delay 2 month delay Rent $ $ 1 month delay 2 month delay Rent Wages and salary Wages and salary Fixed $ Variable Fixed $ Taxes Variable Fixed assets Taxes $ $ $ Interest Cash dividends Total Disbursements $ Fixed assets Interest Cash dividends Total Disbursements $ $