Question
Maris Brothers, Inc., needs a cash disbursement schedule for the months of April, May, and June. Use the format given here LOADING... and the following
Maris 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
$518,000;
March
$518,000;
April
$577,000;
May
$618,000;
June
$659,000;
July $658,000
Purchases: Purchases are calculated as
57%
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
$8,020
per month.
Wages and salaries: Base wage and salary costs are fixed at
$6,200
per month plus a variable cost of
7.3%
of the current month's sales.
Taxes: A tax payment of
$54,800
is due in June.
Fixed asset outlays: New equipment costing
$74,700
will be bought and paid for in April.
Interest payments: An interest payment of
100$30,100
is due in June.
Cash dividends: Dividends of
$12,600
will be paid in April.
Principal repayments and retirements: No principal repayments or retirements are due during these months.
Feb
Mar
Apr
May
Jun
Jul
Sales
$
$
$
Disbursements
Purchases
$
$
$
Cash
$
1 month delay
$
2 month delay
$
Rent
$
Schedule of Projected Cash Disbursements for Maris Brothers, Inc. | ||||||||||||
Feb | Mar | Apr | May | Jun | Jul | |||||||
Sales | $ | |||||||||||
Disbursements | ||||||||||||
Purchases | $ | |||||||||||
Cash | $ | |||||||||||
1 month delay | $ | |||||||||||
2 month delay | $ | |||||||||||
Rent | $ | |||||||||||
Wages and salary | ||||||||||||
Fixed | $ | |||||||||||
Variable | $ | |||||||||||
Taxes | $ | |||||||||||
Fixed assets | $ | |||||||||||
Interest | $ | |||||||||||
Cash dividends | $ | |||||||||||
Total Disbursements | $ |
Wages and salary
Feb
Mar
Apr
May
Jun
Jul
Sales
$
$
Disbursements
Purchases
$
Cash
$
1 month delay
$
2 month delay
$
Rent
$
Wages and salary
Fixed
$
Variable
$
Taxes
$
Fixed assets
$
Interest
$
Cash dividends
$
Total Disbursements
$
Fixed
$
Variable
$
Taxes
$
Fixed assets
$
Interest
$
Cash dividends
$
Total Disbursements
$
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