Excel SIM: Cash Budget with Supporting Cash Collections and Disbursements Schedules 1 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 10 points XB 5 ? ? 3 5 X eBook Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW FILE HOME Sign In Print References AE From From From From Other Access Web Text Sources 21 A A 21 Sort Connections Properties Edit Links Connections * Clear Reapply Advanced Refresh Existing Connections Filter Outline All- Data Tools Get External Data Sort & Filter S&P Enterprises needs a cash budget for March. The following information is A E B C D 1 S & P Enterprises needs a cash budget for March. The following information is available. . . 2 3 Data January February March 4 Actual January and February and expected March sales: 5 Cash sales $ $ 1,600 $ 3,750 $ 5,100 6 6 Sales on account 25.000 30.000 40.000 7 Total Sales $ 26,600 $33.750 $ 45.100 8 15% 60% 22% 3% $10.500 $23.500 60% 40% 8 9 Accounts Receivable Collections: 10 Month of sale 11 Month following sale 12 Second month following sale 13 Uncollectible 14 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 20 21 Total budgeted selling & administrative expenses in March 22 Budgeted selling & administrative depreciation in March 23 24 Other budgeted cash disbursements in March 25 Equipment purchases 26 Dividends to be paid 27 28 Minimum cash balance to be maintained 29 March 1 cash balance 30 March 1 outstanding borrowings 31 March 1 interest due Budget Data Schedules and Cash Budget $12,500 $3,200 $14,000 $2,000 $ $10,000 $ $11,500 $0 $0 | READY --+ 100% 31 March 1 interest due $0 32 33 The company has a line of credit available to bolster the cash balance as needed. 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. 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 43 44 45 HRB4 Budget Data Schedules and Cash Budget + READY 21 + + 100% E X S. Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel ? - . X FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Ruler Formula Bar Q 100 Normal Page Break Page Custom Preview Layout Views Gridlines Headings Window Macros Zoom 100% Zoom to Selection Workbook Views Show Zoom Macros A1 X fic Expected cash collections: A B D E 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 A B D E 14 15 S & P Enterprises Cash Budget For the Month of March 16 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 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 28 Preliminary cash balance 29 Financing: 30 Additional loan 31 Loan repayments 32 Interest 33 Total financing 34 Cash balance, March 31 35 36 37 38 39 40 41 42 43 44 45
