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Please fill out Feb-July Sales and disbursements and calculate total disbursements at the end of every month Cash disbursements schedule Maris Brothers, Inc., needs a
Please fill out Feb-July Sales and disbursements and calculate total disbursements at the end of every month
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 $487,000, March $478,000; April $555,000; May $593,000; June $639,000: July $670,000 Purchases: Purchases are calculated as 58% 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 $8,020 per month Wages and salaries: Base wage and salary costs are fixed at $6,200 per month plus a variable cost of 7.4% of the current month's sales Taxes: Atax payment of $54,500 is due in June. Fixed asset outlays: New equipment costing $75,100 will be bought and paid for in April Interest payments: An interest payment of $30,200 is due in June. Cash dividends: Dividends of $12,900 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 Sales $ $ May Jun Jul Enter any number in the edit fields and then click CheckStep by Step Solution
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