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zheka24 [161]
3 years ago
5

Maris Bothers, Inc., needs a cash disbursement schedule for the months of April, May, and June. Use the format given below, and

the following information in its preparation.Sales: February $501,000, March $517,000, April $572,000, May $634,000, June $648,000, July $635,000Purchases: Purchases are calculated as 63% of the next month's sales. 10% of purchases are made in cash, 47% of purchases are paid for 1 month after the purchase, and the remaining 43% of purchases are paid for 2 months after the purchase.Rent: The firm pays rent of $8,050 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 $54,600 is due in June.Fixed asset outlays: New equipment cost $75,300 will be bought and paid for in April.Interest payment: An interest payment of $29,600 is due in June.Cash dividends: Dividends of $12,100 will be paid in April.Principal repayments and retirements: No principal repayments or retirements are due during these months.Prepare the cash disbursements schedule for Maris Brothers, Inc.
Business
1 answer:
vaieri [72.5K]3 years ago
3 0

Answer:

I have prepared the cash disbursement schedule as requested,find it in the attached excel template.

Explanation:

Kindly note that data for other months whose cash disbursements are not required such February ,March and July had impact on the schedule one way or other,hence they are shown in the computation.

In addition, I have color blue to lay emphasis on the three months requested for.

Download xlsx
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Answer:

Recommend the borrower contact the lender representative before signing anymore documents

Explanation:

Notary agents are usually independent professionals within the sector or third parties , who are contracted to create sure all loan documents are signed and notarized properly and delivered . A Notary agent isn't authorized to answer questions on the most points contained within the loan, however a notary agent can give opinions to a signer whether the terms of a loan are a good or not. But if the opinions are on interest rates or other questions concerning the loan, rather it would be best to refer the signer or borrower to contact the lender’s representative

3 0
3 years ago
The agreed cost of an item to be purchased by a business on credit is $4,000. The applicable cost will be debited to advertising
Hoochie [10]

Answer:

$4,480

Explanation:

The total amount to be recorded as expense would include the cost of the item purchased an the values of the applicable taxes.

As such, the advertising expense would include the value of the goods and services tax as well as the provincial sales tax with both tax rates applied to the applicable cost.

Goods and services tax = 5% × $4,000

= $200

Provincial sales tax = 7% × $4,000

= $280

Total debit to advertising expense

= $4,000 + $200 + $280

= $4,480

7 0
2 years ago
a. a marketing firm is looking for a candidate with a business degree and at least five years of work experience. multiple choic
Usimov [2.4K]

A. A marketing company is seeking an applicant with a business degree and at least five years of professional experience. An intersection.

B. A family has made the decision to buy a Honda or Toyota minivan. a union.

<h3><u>What exactly is a marketing firm?</u></h3>

Effective marketing strategies are developed and put into action with the aid of marketing agencies. This frequently starts with marketing research to determine what aspects of the current marketing strategy are working and which ones are not, then moves on to demographic research to develop an accurate picture of the ideal client.

A marketing company can help you create and implement a plan for specific marketing campaigns, assess their effectiveness, and develop an overall marketing strategy once it has a clear understanding of who you are marketing to and what you have already tried to do to reach them.

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7 0
9 months ago
A cost estimation tool which is used to allocate money into an organization’s budget is known as a _____ estimate. a. ballpark b
xenn [34]

Answer:

  B. Budgetary.

Explanation:

  They are used to do that because the range of variance could be from -10% to +20%.

  Although this, it is not accurate enough to provide a solid basis for a firm commitment because it only represents an approximation of what is need to be done.

  I hope this answer helps you.

5 0
3 years ago
Read 2 more answers
Lin Corporation has a single product whose selling price is $130 per unit and whose variable expense is $65 per unit. The compan
4vir4ik [10]

Answer:

1.- selling 530 units will achieve 2,300 operating profit

2.- sales for $82,100 will achieve 8,900 operating profit

Explanation:

sale price 130

variable 65

contribution margin 65

\frac{Fixed\:Cost + Target \: Profit }{Contribution \:Margin} = Units\: to\: Profit

(32150 + 2,300) /65 = 530 units

\frac{Fixed\:Cost}{Contribution \:Margin \:Ratio} = Sales\: To\: Profit

\frac{Contribution \: Margin}{Sales \: Revenue} = Contribution \: Margin \: Ratio

65/130 = 0.5

(32,150 + 8,900) / 0.5 = 82,100

4 0
2 years ago
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