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 All answers must be entered as a formula Click OK to begin. OK References 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 matenials budget, including a schedule of expected cash disbursements for purchases of materials. 0 . c 4- cash Budget with Supporting Cash Collections and Osbursements Schedules-Excel ? ; Sign In HOME INSERT PAGE LAYOUTFORMULAS DATA REVIEWVEW A Alignment Number Conditional Format as Cell Cells Editing PasteB Clipboard A1 Formatting. Table- Styles. xS&.P Enterprises needs a cash budget for March, The following Information is S& PEnterprises needs a cash budget for March. The following infor nation is available. 3 Data January February March Actual January and February and expected March sales: 5 Cash sales 6 Sales on account 7 Total Sales $ 1,600 3,750$5,100 9 Accounts Recelvable Collections: 10 Month of sale 11 Month following sale 12 Second month following sale 15% 60% 22% 14 1s Accounts payable for inventory purchases, March 1 balance 16 Budgeted inventory purchases in March 17 Inventory payments: $10,500 $23,500 Month of purchase 60% 1Month following purchase 20 21 Total budgeted selling & administrative expenses in March 22 Budgeted selling & administrative depreciation in March 23 $12,500 $3,200 c in Manch | BudgetData | Schedules and Cash Budget 1 C) Attemptis) References 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 .) . c. .4-; HOME INSERTPAGE LAYOUT FORMULAS DATA REVIEW VIEW cash Boe et with Supporting Cash Colections and Disbursements Schedules-boel ? -ex Sign In r u . . . . Algnnent Nmber Conditional Format as Cell Celis Editing Formatting" Table Styles Clipboad A1 | S&P Enterprises needs a cash budget for March. The following information is 22 Budgeted selling& administrative depreciation in March 23 $3,200 24 Other budgeted cash disbursements in March 25 Equipment purchases 6 Dividends to be paid 27 28 Minimum cash balance to be maintained 29 March 1 cash balance S0 March 1 outstanding borrowings 31 March 1 Interest due 14,000 $2,000 $10,000 $11,500 $o $0 3 The company has a line of credit available to bolster the cash balance as needed. 34 85 When preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedules 36 7 Click the Schedules and Cash Budget tab to prepare the following: 58 1. Schedule of expected cash collections for March. 9 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 4 any interest will not be paid until the following month 42 45 Budget Data Schedules and Cash Budget.. Attemptis) References