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 $615,000; March $498,000; April $552,000; May $601,000; June $634,000; July $638,000
Purchases: Purchases are calculated as 62% of the next month's sales, 11% of purchases are made in cash, 46% of purchases are paid for 1 month after purchase, and the remaining 43% of purchases are paid for 2
months after purchase.
Rent: The firm pays rent of $8,010 per month.
Wages and salaries: Base wage and salary costs are fixed at $6,300 per month plus a variable cost of 6.8% of the cument month's sales.
Taxes: A tax payment of $54,200 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 $29,700 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.)
Schedule of Projected Cash Disbursements for Maris Brothers, Inc.
Feb Mar Apr May Jun Jul
Sales $ 515000 $ 498000 $ 652000
Disbursements
Purchases 308760 342240 372620
Cash 40988
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