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

$514,000;

March

$489,000;

April

$550,000;

May

$586,000;

June

$663,000;

July $668,000Purchases: Purchases are calculated as

57%

of the next month's sales,

11%

of purchases are made in cash,

46%

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

$7,960

per month.Wages and salaries: Base wage and salary costs are fixed at

$5,800

per month plus a variable cost of

7.4%

of the current month's sales.Taxes: A tax payment of

$54,300

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

$29,500

is due 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.

Complete the cash disbursements schedule for Maris Brothers, Inc. below: (Round to the nearest dollar.)

Schedule of Projected Cash Disbursements for Maris Brothers, Inc.
	Feb		Mar		Apr		May		Jun		Jul
Sales	$	514000	$	489000	$	550000
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.

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