Question Help Cash disbursements schedule Maris Brothers, Inc., needs a cash disbursement schedule for the month of April May and Jure Use the format given here and the folowing information in its preparation Sales February $500,000, March 3,000. April $571.000, May $503.000, June $623.000, July 5645,000 Purchases. Purchases are calculated as 5% of the next month's sales, 12% of purchases we made in cash, 51% of purchase reped for 1 month after purchase, and the remaning 3% of purchases are paid for 2 months aher purchase Rent. The firm pars rent of $7,960 per month Wages and salaries: Base wage and salary costs we fixed 56,000 per month us a cost of 73% of the current more Taxes. A tax payment of 554.000 is de in June Fixed asset outlays New expert costing $75,300 will be bought and pod for in Al Interest payments An interest payment of $30, 200 is de in June Cash dividends: Dividends of $12.000 will be paid in April Principal repayments and retrements: No principal repayments of retirements we de during these months Complete the cash disbursements schedule for Mars Brothers, Inc. below. Round to the rest Mary Jun Schedule of Projected Cash Disbursements for Maris Brothers, Inc. Feb Me Apr Sales Disbursements Purchase $ Enter any number in the beds and then click Check An Check Answer Homework: Chapter 4 Homework Score: 0 of 1 pt 5 of 817 complete) HW Score: 50%, 4 of 8 pts X P4-9 (similar to) I Question Help o Cash disbursements schedule Maris Brothers, Ine needs a cash disbursement schedule for the month of April May, and June Use the format given here Sales February 5503.000, March 3483.000. April $571.000. May $503.000, June 1643,000, Duy $645.000 Purchases Purchases are calculated as 57% of the next mortis sales, 12% of purchases are made in cash Sex of purchases are paid for 1 month after purchase, and the remaining Sex of purchases we paid for 2 more her purchase Rent. The firm pays rent of $7.960 per month Wages and sales Base wage and salary costs are faced at $6,000 per month plus a variable cost of 7.3% of the current month's sales Taxes: A tax payment of $54.000 is due in June Fixed asset outleys: New equipment costing $75,300 will be bought and paid for in April Interest payments Anterest payment of 530,200 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 dedung these months Complete the cash disbursements schedule for Maris Brothers, Inc. below. Round to the rest dolar) Schedule of Projected Cash Disbursements for Maris Brothers, Inc Fab M Apr May Jun Jul Sales 5 Disbursements Purchases 5 $ Enter any number in the folds and then click Check Answer Check An Introduction to Finance (FIN-101-002Fall 2020 Buge d. JUS.PL Save Homework: Chapter 4 Homework Score: 0 of 1 pt 5 of 8 (7 complete) HW Score: 50%, 4 of 8 pts X P4-9 (similar to) Question Help O Cash disbursements schedule Maris Brothers, Inc., needs a cash disbursement schedule for the months of April, May, and Jone. Use the format per here and the following information in its preparation Sales: February $500,000, March 450,000April 5571,000, May S583.000 June $643,000, July 3645.000 Purchases Purchases are calculated as 57% of the next month's, 12% of purches are made in cash 5% of purchases we paid for 1 month after purchase, and the remaining 34% of purchases are paid for 2 months after purchase Rent: The firm pays rent of $7.960 per month Wages and sales Base wage and salary costs are fined $6,000 per month plus a variable cost of 73% of the current montes Taxes A tax payment of $54.000 is dae in June Fixed asset utays New equipment conting $75,300 will be bought and pard 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 payments and retirements No principal repayments or retirements are due during these months Disbursements Purchases $ Cash $ 1 month delay $ 2 month delay 5 Rent $
