An swer:
June $975,286
April $1,118,052
May $1,076,856
Explanation:
Maris Brothers Inc.Schedule of Projected Cash Disbursements
April May June
Purchases (0.55 x sales)
April $542,000 ×0.55= $298,100
May $629,000×0.55=$345,950
June $657,000×0.55=$361,350
Cash purchases (.10)
April $542,000 ×0.10= $54,200
May $629,000×0.10=$62,900
June $657,000×0.10=$65,700
Payments of A/PLagged 1 month (0.45)
April $542,000 ×0.45= $243,900
May $629,000×0.45=$283,050
June $657,000×0.45=$295,650
Lagged 2 months(0.45)
April $542,000 ×0.45= $243,900
May $629,000×0.45=$283,050
June $657,000×0.45=$295,650
Rent payments
April $8,030
May $8,030
June $8,030
Wages and salaries
April $542,000 ×0.068+5,800= $42,656
May $629,000×0.068+5,800=$48,572
June $657,000×0.068+5,800=$50,476
Tax Payments
June $54,100
Fixed-asset outlays
April $74,000
Interest payments
June $30,400
Cash dividend payments
April $12,500
Total Cash Disbursements
June
($298,100 +$54,200+$243,900+$243,900+$8,030+$42,656+$54,100+$30,400)
=$975,286
April
($345,950+$62,900+$283,050+$283,050+$8,030+$48,572+$74,000+$12,500)
=$1,118,052
May
($361,350+$65,700+$295,650+$295,650+8,030+$50,476)
=$1,076,856
