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 $493,000; March $517,000; April $539,000; May $627,000; June $660,000; July $651,000Purchases: Purchases are calculated as 65% of the next month's sales, 12% of purchases are made in cash, 55% of purchases are paid for 1 month after purchase, and the remaining 33% of purchases are paid for 2 months after purchase.Rent: The firm pays rent of $8,020 per month.Wages and salaries: Base wage and salary costs are fixed at $5,700 per month plus a variable cost of 7.3% of the current month's sales.Taxes: A tax payment of $54,700 is due in June.Fixed asset outlays: New equipment costing $74,900 will be bought and paid for in April.Interest payments: An interest payment of $30,100 is due in June.Cash dividends: Dividends of $13,000 will be paid in April.Principal repayments and retirements: No principal repayments or retirements are due during these months.Complete the cash disbursements schedule for Maris Brothers, Inc. below: (Round to the nearest dollar.)Schedule of Projected Cash Disbursements for Maris Brothers, Inc.MarAprSalesDisbursementsPurchasesCash1 month delay2 month delayRentWages and salaryFixedVariableTaxesFixed assetsInterestCash dividendsTotalDisbursements$Feb$$$$$$$$$$$$$$$MayJunJulMore infoA Schedule of Projected Cash Disbursements for Maris Brothers, Inc.FebAprMaySales DisbursementsPurchasesCash1 month delay2 month delayRentWages and salaryFixedVariableTaxesFixed assetsInterestCash dividendsTotalDisbursementsMarPrintDoneJunJul- X

The cash disbursement schedule means the budget is prepared for the cash payments related to the…

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.

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.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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