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2 Create a new What SUP Operating Cash Payments Budget Using the ch 6 - 0 3 file to start your work, create a worksheet
Create a new What SUP Operating Cash Payments Budget Using the ch file to start your work, create a worksheet similar to the one created in this chapter to budget operating cash payments by month for months. Place assumption information in the cells provided, and define and use names extensively. Product sales revenue of $$$ and $ is expected in January, February, March, and April respectively. Purchases cost percent of product sales. The company would like to maintain an ending inventory equal to percent of the next month's cost of sales. At the beginning of January, the company had $ in inventory and $ in accounts payable; percent of a month's purchases are paid in the cur rent month, with the remaining paid in the following month. Selling expenses are expected to be $$ and $ in January, Feb ruary, and March respectively while general and administrative expenses are expected to remain constant at $ per month. All expenses are paid in the month incurred. Use Excel's grouping feature to group purchases, payments for purchases, and expense rows together and to group the three monthly columns together. Save your file as ch studentname replacing studentname with your name
Create a new What SUP Operating Cash Payments Budget
Using the ch file to start your work, create a worksheet similar to
the one created in this chapter to budget operating cash payments by
month for months. Place assumption information in the cells provided,
and define and use names extensively. Product sales revenue of
$$$ and $ is expected in January,
February, March, and April respectively. Purchases cost percent of
product sales. The company would like to maintain an ending inventory
equal to percent of the next month's cost of sales. At the beginning
of January, the company had $ in inventory and $ in
accounts payable; percent of a month's purchases are paid in the cur
rent month, with the remaining paid in the following month. Selling
expenses are expected to be $$ and $ in January, Feb
ruary, and March respectively while general and administrative
expenses are expected to remain constant at $ per month. All
expenses are paid in the month incurred. Use Excel's grouping feature to
group purchases, payments for purchases, and expense rows together and
to group the three monthly columns together. Save your file as ch
studentname replacing studentname with your name
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