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For example March Cash Collections are $5,100 taken from the sheet labeled 'Budget Data' and is in cell D5 on that sheet. Therefore instead of
For example March Cash Collections are $5,100 taken from the sheet labeled 'Budget Data' and is in cell D5 on that sheet.
Therefore instead of =D5 which means D5 on the current you have to tell excel it is a different sheet as follows:
='Budget Data'!D5
Similar To get Cash collected in January for cell B4 the formula is:
='Budget Data'!B6*'Budget'!B12
This is how you write formulas using data from a different sheet in the excel file.
Ch 22: Homework Saved Duuyuuuu Du DuuyEDIL This is how you write formulas using data from a different sheet in the excel file. X AS Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW ? X 12 Sign In Calibri - 11 AA % ED - Paste B IU- A Cells Editing 0.4 points Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font Skipped A1 S&P Enterprises needs a cash budget for March. The following information is A B D E 2 eBook January February March 3 Data 4 Actual January and February and expected March sales: 5 Cash sales Print 6 Sales on account 7 Total Sales $ 1,600 $ 3,750 $ 5,100 25,000 30,000 40,000 $26.600 $33.750 $45.100 8 References 15% 60% 22% 3% $10,500 $23,500 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 Eauinmont nurchase Budget Data Schedules and Cash Budget 60% 40% $12,500 $3,200 $ Annn + Mc Graw Hill LE Paste BIU A Cells Editing 12 Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font A1 X fie S&P Enterprises needs a cash budget for March. The following information is A B D E 0.4 points Skipped eBook 22 Budgeted selling & administrative depreciation in March $3,200 23 24 Other budgeted cash disbursements in March 25 Equipment purchases $14,000 26 Dividends to be paid $2,000 27 28 Minimum cash balance to be maintained $10,000 29 March 1 cash balance $11,500 30 March 1 outstanding borrowings $o 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 any interest will not be paid until the following month. 42 Print References 41 43 44 45 Budget Data Schedules and Cash Budget READY 100% Attempt(s) Hint Ch 22: Homework Saved Duuyuuuu Du DuuyEDIL This is how you write formulas using data from a different sheet in the excel file. X AS Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW ? X 12 Sign In Calibri - 11 AA % ED - Paste B IU- A Cells Editing 0.4 points Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font Skipped A1 S&P Enterprises needs a cash budget for March. The following information is A B D E 2 eBook January February March 3 Data 4 Actual January and February and expected March sales: 5 Cash sales Print 6 Sales on account 7 Total Sales $ 1,600 $ 3,750 $ 5,100 25,000 30,000 40,000 $26.600 $33.750 $45.100 8 References 15% 60% 22% 3% $10,500 $23,500 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 Eauinmont nurchase Budget Data Schedules and Cash Budget 60% 40% $12,500 $3,200 $ Annn + Mc Graw Hill LE Paste BIU A Cells Editing 12 Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font A1 X fie S&P Enterprises needs a cash budget for March. The following information is A B D E 0.4 points Skipped eBook 22 Budgeted selling & administrative depreciation in March $3,200 23 24 Other budgeted cash disbursements in March 25 Equipment purchases $14,000 26 Dividends to be paid $2,000 27 28 Minimum cash balance to be maintained $10,000 29 March 1 cash balance $11,500 30 March 1 outstanding borrowings $o 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 any interest will not be paid until the following month. 42 Print References 41 43 44 45 Budget Data Schedules and Cash Budget READY 100% Attempt(s) HintStep by Step Solution
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