Schedule of Projected Cash Disbursements for Maris Brothers, Inc.

Feb

Mar

Apr

May

Jun

Jul

Sales

$

$

$

Disbursements

Purchases

$

$

$

Cash

$

1 month delay

$

2 month delay

$

Rent

$

Wages and salary

Fixed

$

Variable

$

Taxes

$

Fixed assets

$

Interest

$

Cash dividends

$

Total Disbursements

$

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 $513,000; March $478,000; April $543,000; May $602,000, June $638,000; July $628,000 Purchases: Purchases are calculated as 59% of the next month's sales, 10% of purchases are made in cash, 49% of purchases are paid for 1 month after purchase, and the remaining 41% of purchases are paid 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 $6,400 per month plus a variable cost of 6.8% of the current month's sales. Taxes: A tax payment of $54,000 is due in June. Fixed asset outlays: New equipment costing $75,500 will be bought and paid for in April. Interest payments: An interest payment of $29,800 is due in June. Cash dividends: Dividends of $12,700 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.)