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Cash Budget with Supporting Cash Collections and Disbursements Schedules 1. Prepare a sales budget, including a schedule of expected cash collections, 2. Prepare a direct materials budget, including a schedule of expected cash disbursements for purchases of materials. 3. Prepare a cash budget. X 5 . 5 ? X Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW - 6 Sign In HOME Calibri Paste U- 10- A Alignment Number Cells Editing Conditional Format as Cell Formatting Table Styles Styles Gipboard D9 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 $ 25,000 26,600 $ 3,750 $ 5,100 30,000 40,000 33.750 S 45.100 $ 9 Accounts Receivable Collections: 10 Month of sale Month following sale Second month following sale Uncollectible 15% 60% 22% 3% 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 $10,500 $23,500 60% 40% 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 $ 25,000 $ 26,600 $ 3,750 30,000 33.750 $ 5,100 40,000 $ 45,100 9 Accounts Receivable Collections: 10 Month of sale 11 Month following sale Second month following sale Uncollectible 15% 60% 22% 3% $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 Month following purchase 60% 40% 21 Total budgeted selling & administrative expenses in March 22 Budgeted selling & administrative depreciation in March $12,500 $3,200 24 lothar budaator rach Hiehuramante in March ... Budget Data Schedules and Cash Budget ... 1 + 100% READY Attempt(s) FILE HOME INSERTPAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calbri 1 A A Alignment Number Conditional Format as Cell - Formatting Table - Styles Paste B I U 18. Cells Editing Clipboard Styles D9 22 Budgeted selling & administrative depreciation in March $3,200 24 Other budgeted cash disbursements in March Equipment purchases Dividends to be paid $14,000 $2,000 Minimum cash balance to be maintained 29 March 1 cash balance 30 March 1 outstanding borrowings 31 March 1 interest due $10,000 $11,500 SO So 33 The company has a line of credit available to bolster the cash balance as needed. 35 When preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedules. 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 40 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. Budget Data Schedules and Cash Budget READY Attempt(s) 100% INSERT Sign in DATA VIEW PAGE LAYOUT FORMULAS REVIEW FILE - HOME callbri X 1 A Cells Editing Paste BTU E A Alignment Number Conditional Formatas Cell Formatting Table Styles Styles Coboard to Font 32 ped 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 9 Payments to suppliers: 10 Accounts payable for inventory purchases, beginning balance 11 March purchases 12 Total cash payments S&P Enterprises Cash Budget For the Month of March 18 Cash balance, March 1 19 Add cash receipts: 20 Collections from customers 21 Total cash available 22 Less disbursements: Payments to suppliers 24 Selline and administrative expenses . ... Budget Data Schedules and Cash Budget ... READY Attempts) 2/3 Sign In HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW HAA Cells Editing Alignment Number Conditional Format as Cell Formatting Table Styles Styles S&P Enterprises Cash Budget For the Month of March 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 25 Equipment purchases 26 Dividends paid 27 Total disbursements 28 Preliminary cash balance 29 Financing 30 Additional loan 31 Loan repayments 32 Interest 33 Total financing 34 Cash balance, March 31 ... Budget Data Schedules and Cash Budget ... + READY Attempt(s) 2/3