Question

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 $484,000​; March $480,000​; April $551,000​; May $612,000​; June $635,000​; July $ 673 comma 000$673,000​Purchases: Purchases are calculated as 60% of the next​ month's sales, 11% of purchases are made in​ cash, 54% of purchases are paid for 1 month after​ purchase, and the remaining 35% of purchases are paid for 2 months after purchase.​Rent: The firm pays rent of $7,970 per month.Wages and​ salaries: Base wage and salary costs are fixed at $6,300 per month plus a variable cost of 6.9% of the current​ month's sales.​Taxes: A tax payment of $54,700 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 $30,400 is due in June.Cash​ dividends: Dividends of $12,400 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 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

$

Answer 1

I hope the calculation and remarks are sufficient. pls let me know if any concerns