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Sales: February $505,000; March $488,000; April $554,000; May $600,000; June $640,000; July $648,000 for 2 months after purchase. Rent: The firm pays rent of $8,030
Sales: February $505,000; March $488,000; April $554,000; May $600,000; June $640,000; July $648,000 for 2 months after purchase. Rent: The firm pays rent of $8,030 per month. Wages and salaries: Base wage and salary costs are fixed at $6,100 per month plus a variable cost of 7.2% of the current month's sales. Taxes: A tax payment of $54,000 is due in June. Fixed 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 $12,200 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 Proiected Cash Disbursements for Maris Brothers. Inc
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