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Please I need a full anser for this question . Feb,MAR.APR.MAY.JUN.JUL. Cash disbursements schedule Maris Brothers. Inc., needs a cash disbursement schedule for the months
Please I need a full anser for this question . Feb,MAR.APR.MAY.JUN.JUL.
Cash disbursements schedule Maris Brothers. Inc., needs a cash disbursement schedule for the months of April, May, and June. Use the format given her and the following information in its preparation. Sales: February $493,000: March $524.000: April $562,000: May $617,000: June $668,000: July $629,000 Purchases: Purchases are calculated as63%of the next month's sales, 1 0%of purchases arc made in cash,55%of purchases arc paid for 1 month after purchase, and the rcmaining35%of purchases arc paid for 2 months after purchase. Rent: The firm pays rent of$8,030 per month. Wages and salaries: Base wage and salary costs arc fixed at$6,000 per month plus a variable cost of6.9%of the current month's sales. Taxes: A tax payment ofS54,500is due in June. Fixed asset outlays: New equipment costingS75,300will be bought and paid for in April. Interest payments: An interest payment of$29.700 is due in June. Cash dividends: Dividends of $12.900 will be paid in April. Principal repayments and retirements .No principal repayments or retirements arc 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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