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PLEASE ANSWER ALL PARTS, WILL GIVE THUMBS UP Sales: February $519,000; March $475,000; April $545,000; May $588,000; dune $664,000; July $652,000 Rent: The firm pays
PLEASE ANSWER ALL PARTS, WILL GIVE THUMBS UP
Sales: February $519,000; March $475,000; April $545,000; May $588,000; dune $664,000; July $652,000 Rent: The firm pays rent of $8,020 per month. Wages and salaries: Base wage and salary costs are fixed at $6,300 per month plus a variable cost of 7.4% of the current month's sales. Taxes: A tax payment of $55,000 is due in June. Fixed asset outlays: New equipment costing $75,500 will be bought and paid for in April. Interest payments: An interest payment of $30,500 is due in June. Cash dividends: Dividends of S12,900 will be paid in April. Principai 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.)Step by Step Solution
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