Help S&P Enterprises las provided data from the first three months of the year. The Controller has asked you to prepare the Cash Budget and the related Schedules for Expected cash collections and Payments to suppliers. Use the information included in the Excel Simulation and the Excel functions described below to complete the task . Cell Reference: Allows you to refer to data from another cell in the worksheet From the Excel Simulation below, it in a blank cell on the Budget Data tab. -85 was entered the formule would output the result from cell 85 or 1600 in this example, MultiTab Cell Reference: Allows you to refer to data from another cell in a separate tab in the worksheet. When using the multi-tabell reference, type the equalsign first, then click on the other tab and then click on the cell you want to reference. The syntax of a multi-tabell reference looks different than a normal cell reference, since it includes the tab name surrounded by apostrophes and also an exclamation point before the cell location. From the Excel Simulation below. If in a blank call on the schedules and Cash Budget tab Budget Data'?" was entered the formula would output the result from cell C7 in the Budget Data tobor 33.750 in this example Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys plus sign to add). - minus un to subtract fastenik sign to multiply), and/orward stash to divide) From the Excel Simulation below, if in a blank call on the Budget Data tob. 015 016 was entered the formula would add the values from those cells and output the resultar 34,000 in this example, if using the other math symbols the result would output an appropriate answer for its function SUM function: Allows you to refer to multiple cells and adds all the values You can add individual coll references or ranges to utilize this function. From the Excel Simulation below. Fin a blank cellSUMBIO 311,8127 was entered the formule would output the result of adding those three separate cells or 97% in this example Similarly, if in a blank cell SUMB10 812) was entered the formula would output the same result of adding those cells, except they are expressed as a range in the formula and the result would be 97% in this example Cash Budget with Supporting and Collections and Disbursement Schedules Excel INSERT PAGE LAYOUT FORMOLAS DATA REVIEW VIEW 7 8 X HOME Sign in Cali AA Puth BTW A Cells Editing Alignment Number Conditional Formas Cell Formatting Table Styles Styles - X FILE X Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel ? HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign in Calib - 11 AA % BIU- Alignment Number Conditional Format as Cell Cells Editing Formatting Table Styles Font Styles 1 S&P Enterprises needs a cash budget for March. The following information is Paste Clipboard A1 D E 15 & P Enterprises needs a cash budget for March. The following information is available, 2 3 Data January February March s 1,600 $ 3,750 $ 5.100 25,000 30,000 40.000 S_26.600 S23.750 $45.100 10 4 Actual January and February and expected March sales: 5 Cash sales 6 Sales on account 7 Total Sales 8 9 Accounts Receivable Collections: Month of sale 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: Anth of SA 11 15% 60% 22% 39 $10,500 $23,500 COAL Saved A1 f S&P Enterprises needs a cash budget for March. The following information is B 13 C Uncollectible 14 3% 15 Accounts payable for inventory purchases, March 1 balance 16 Budgeted inventory purchases in March $10,500 17 Inventory payments: $23,500 18 Month of purchase 60% 19 Month following purchase 40% 20 21 Total budgeted selling & administrative expenses in March $12,500 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 $11,500 29 March 1 cash balance $0 30 March 1 outstanding borrowings $0 31 March 1 interest due 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 Saved FILE Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW HOME ? -- X Sign In Calibri - 11 Paste BIU Cells Editing A A % Alignment Number Conditional Format as Cell Formatting - Table Styles Styles f Expected cash collections: Clipboard Font A1 B c 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 13 14 S&P Enterprises 15 Cash Budget 16 For the Month of March 17 18 Cash balance, March 1 19 Add cash receipts: Prey 1 of 1 Next > poyidin ct 3 a Soved 16 For the Month of March 17 18 Cash balance, March 1 19 Add cash receipts: 20 Collections from customers 21 Total cash available before current financing 22 Less disbursements: 23 Payments to suppliers 24 Selling and administrative expenses 25 Equipment purchases 26 Dividends paid 27 Total disbursements 28 Excess (deficiency) of cash available over disbursements 29 Financing 30 Borrowings 31 Repayments 32 Interest 33 Total financing 34 Cash balance, March 31 35 36 37 38 39 Budget Data Schedules and Cash Budget READY . 100% Attempt(s)