Question
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
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. Sales: February $ 504 comma 000 $504,000; March $ 500 comma 000 $500,000; April $ 555 comma 000 $555,000; May $ 627 comma 000 $627,000; June $ 667 comma 000 $667,000; July $ 654 comma 000 $654,000 Purchases: Purchases are calculated as 62 % 62% of the next month's sales, 9 % 9% of purchases are made in cash, 54 % 54% of purchases are paid for 1 month after purchase, and the remaining 37 % 37% of purchases are paid for 2 months after purchase. Rent: The firm pays rent of $ 8 comma 020 $8,020 per month. Wages and salaries: Base wage and salary costs are fixed at $ 5 comma 800 $5,800 per month plus a variable cost of 6.7 % 6.7% of the current month's sales. Taxes: A tax payment of $ 54 comma 600 $54,600 is due in June. Fixed asset outlays: New equipment costing $ 75 comma 000 $75,000 will be bought and paid for in April. Interest payments: An interest payment of $ 30 comma 000 $30,000 is due in June. Cash dividends: Dividends of $ 12 comma 600 $12,600 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.
Complete the cash disbursements schedule for Maris Brothers, Inc. below: (Round to the nearest dollar.)
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Schedule of Projected Cash Disbursements for Maris Brothers, Inc. | ||||||||||||
Feb | Mar | Apr | May | Jun | Jul | |||||||
Sales | $ | 504000 | $ | 500000 | $ | 555000 |
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Disbursements |
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Purchases | $ |
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Cash |
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1 month delay |
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2 month delay |
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Rent |
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Wages and salary |
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Fixed |
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Variable |
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| $ |
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Taxes |
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| $ |
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Fixed assets |
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| $ |
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Interest |
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Cash dividends |
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Total Disbursements |
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| $ |
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