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- Sales: February $500,000; March $500,000; April $560,000; May $610,000; June $650,000; July $650,000 - Purchases: Purchases are calculated as 60% of the next month's
- Sales: February \$500,000; March $500,000; April $560,000; May $610,000; June $650,000; July $650,000 - Purchases: Purchases are calculated as 60% of the next month's sales, 10% of purchases are made in cash, 50% of purchases are paid for 1 month after purchase, and the remaining 40% of purchases are paid for 2 months after purchase. - Rent: The firm pays rent of \$8,000 per month. - Wages and salaries: Base wage and salary costs are fixed at $6,000 per month plus a variable cost of 7% of the current month's sales. - Taxes: A tax payment of $54,500 is due in June. - Fixed asset outlays: New equipment costing $75,000 will be bought and paid for in April. - Interest payments: An interest payment of $30,000 is due in June. - Cash dividends: Dividends of $12,500 will be paid in April. - Principal repayments and retirements: No principal repayments o retirements are due during these months. Maris Brothers, Inc., needs a cash disbursement schedule for the months of April, May, and June. Use the format attached and the following information in its preparation
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