Homework: Chap 4 Question 2, P4-9 (similar ... Part 1 of 3 HW Score: 50.2%, 2.01 of 4 points Points: 0.27 of 1 Save 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 $512,000; March $524,000: April $536,000; May $628.000; June $638,000: July $636,000 Purchases: Purchases are calculated as 63% of the next month's sales, 9% of purchases are made in cash, 51% of purchases are paid for 1 month after purchase, and the remaining 40% of purchases are paid for 2 months after purchase Ront: The firm pays rent of $8,040 per month Wages and salanes: Base wage and salary costs are fixed at $5.800 per month plus a variable cost of 7.1% of the current month's sales. Taxes: A tax payment of $55,000 is due in June. Fixed asset oullays: New equipment costing $75,100 will be bought and paid for in April. Interest payments: An interest payment of $29.700 is due in June. More Info Cash dividends: Dividends of $12,900 will be paid in April Principal ropayments and refiromonls: No principal ropayments or retirements are due during these months. Apr May Jun Jul Feb 512000$ Mar 524000 $ Jun Jul Sales $ A Schedule of Projected Cash Disbursements for Maris Brothers, Inc. Feb Mar Apr May Sales Disbursements Purchases Cash Disbursements $ $ $ Purchases Cash 1 month delay $ $ $ 1 month delay 2 month delay Rent $ $ Wages and salary Fixed Variable $ 2 month delay Rent Wages and salary Fixed Variable Taxes Fixed assets Interest $ $ Taxes Fixed assets $ $ $ Interest Cash dividends Total Disbursements Cash dividends Total Disbursements $ Help Me Solve This View an Example Get More Help Print Print Done