1. Use the Budget Data tab to complete the Schedules and Cash Budget tab. Formulas must be entered so that all cash flow amounts are positive numbers.
x 5 - X H FILE Sign In * HOME Calibri B I - Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel ? INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW -11 A A U - - - A - Alignment Number Conditional Format as Cell Cells Editing Formatting Table Styles Font Styles Paste Clipboard A23 1 S&P Enterprises needs a cash budget for March. The following information is available. January February March 3 Data 4 Actual January and February and expected March sales: 5 Cash sales 6 Sales on account 7 Total Sales $ 1,600 $ 3,750 $ 5,100 25,000 - 30,000 40,000 26,600 33,750 $ 45,100 9 Accounts Receivable Collections: 10 Month of sale 11 Month following sale Second month following sale Uncollectible 15% 60% 22% 3% 12 14 $10,500 $23,500 15 Accounts payable for inventory purchases, March 1 balance 16 Budgeted inventory purchases in March 17 Inventory payments: 18 Month of purchase 19 Month following purchase 60% 40% 20 21 Total budgeted selling & administrative expenses in March 22 Budgeted selling & administrative depreciation in March 23 $12,500 $3,200 24 Other budgeted cash disbursements in March Equipment purchases 26 Dividends to be paid 25 $14,000 $2,000 27 $0 28 Minimum cash balance to be maintained $10,000 29 March 1 cash balance $11,500 30 March 1 outstanding borrowings 31 March 1 interest due 32 33 The company has a line of credit available to bolster the cash balance as needed. $0 34 35 When preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedules. 36 37 Click the Schedules and Cash Budget tab to prepare the following: 38 1. Schedule of expected cash collections for March. 39 2. Schedule of expected cash disbursements for inventory purchases for March. 3. Cash budget for March. Indicate in the financing section any borrowing that will be needed in March. Assume that 41 any interest will not be paid until the following month. 42 X S ? . HOME Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW - Sign In FILE Paste B I U. 3- A - Cells Editing Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font B2 1 Expected cash collections: 2 March cash collections 3 March collections on account: 4 January sales 5 February sales 6 March sales 7 Total cash collections 8 9 Payments to suppliers: 10 Accounts payable for inventory purchases, beginning balance 11 March purchases 12 Total cash payments 13 S&P Enterprises Cash Budget For the Month of March 17 18 Cash balance, March 1 19 Add cash receipts: 20 Collections from customers 21 Total cash available 22 Less disbursements: 23 Payments to suppliers 24 Selling and administrative expenses ... Budget Data Schedules and Cash Budget ... + 24 Selling and administrative expenses 25 Equipment purchases 26 Dividends paid 27 Total disbursements 28 Cash balance before financing 29 Financing: 30 Borrowings/Repayments 31 Cash balance, March 31 32 33 34
