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 $ 5 ? - X B FILE Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW HOME 6 Sign In Paste B IU- - Editing - A. Alignment Number Conditional Format as CellCells Formatting Table Styles - - Styles Clipboard Font 5&P Enterprises needs a cash budget for March. The following information is 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 $ 1,600S 25,000 $ 26,600 S 3,750 30,000 33.750 S 5,100 40,000 $45.100 9 Accounts Receivable Collections: Month of sale Month following sale 12 Second month following sale 13 Uncollectible 15% 60% 22% 3% 14 19 Accounts payable for inventory purchases, March 1 balance 16 Budgeted inventory purchases in March 17 Inventory payments: Month of purchase Month following purchase $10,500 $23,500 60% 40% fx S&P Enterprises needs a cash budget for March. The following information is 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: Month of sale 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: 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 Other hinatarach Hieha remontin March Budget Data Schedules and Cash Budget ... READY 100 S&P Enterprises needs a cash budget for March. The following information is D 21 Total budgeted selling & administrative expenses in March 22 Budgeted selling & administrative depreciation in March $12,500 $3,200 24 Other budgeted cash disbursements in March Equipment purchases Dividends to be paid $14,000 $2,000 $10,000 $11,500 28 Minimum cash balance to be maintained 29 March 1 cash balance 30 March 1 outstanding borrowings 31 March 1 interest due 50 $0 35 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. 42 ... Budget Data Schedules and Cash Budget ... READY
