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Please explain and answer all parts. ash disbursements schedule Maris Brothers, Inc., needs a cash disbursement schedule for the months of April, May, and June.
Please explain and answer all parts.
ash disbursements schedule Maris Brothers, Inc., needs a cash disbursement schedule for the months of April, May, and June. Use the format given here Sales: February $486,000; March $477,000; April $553,000; May $631,000; June $654,000; July $648,000 and the following information in its preparation. Rent: The firm pays rent of $8,020 per month. Wages and salaries: Base wage and salary costs are fixed at $6,500 per month plus a variable cost of 7.1% of the current month's sales. Taxes: A tax payment of $54,000 is due in June. Foxed 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 $12,500 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.)Step by Step Solution
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