Question

Maris​ Brothers, Inc., needs a cash disbursement schedule for the months of​ April, May, and June. Use the format given here LOADING... and the following information in its preparation. ​Sales: February $ 514 comma 000 $514,000​; March $ 514 comma 000 $514,000​; April $ 555 comma 000 $555,000​; May $ 595 comma 000 $595,000​; June $ 648 comma 000 $648,000​; July $ 655 comma 000 $655,000 ​Purchases: Purchases are calculated as 57 % 57% of the next​ month's sales, 9 % 9% of purchases are made in​ cash, 45 % 45% of purchases are paid for 1 month after​ purchase, and the remaining 46 % 46% of purchases are paid for 2 months after purchase. ​Rent: The firm pays rent of $ 8 comma 010 $8,010 per month. Wages and​ salaries: Base wage and salary costs are fixed at $ 5 comma 800 $5,800 per month plus a variable cost of 6.7 % 6.7% of the current​ month's sales. ​Taxes: A tax payment of $ 54 comma 700 $54,700 is due in June. Fixed asset​ outlays: New equipment costing $ 75 comma 300 $75,300 will be bought and paid for in April. Interest​ payments: An interest payment of $ 30 comma 500 $30,500 is due in June. Cash​ dividends: Dividends of $ 12 comma 400 $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.)

Answer 1