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I am paying a $20 subscription i would really appreaciate it if someone can answer my question without trying to charge me more. 1 S&PP
I am paying a $20 subscription i would really appreaciate it if someone can answer my question without trying to charge me more.
1 S\&PP Enterprises needs a cash budget for March. The following information is available. \begin{tabular}{l|l|r|r|r|r|} \hline \multicolumn{1}{c|}{ Data } & & & \\ \hline 3 & \multicolumn{1}{c|}{ Dactual January and February and expected March sales: } & & \\ \hline 5 & Cash sales & 51,600 & 53,750 & 55,100 \\ 6 & Sales on account & 25,000 & 30,000 & 40,000 \\ \hline 7 & Total Sales & 526,600 & 533,750 & 545,100 \\ \hline \end{tabular} 8 9 Accounts Receivable Collections: 32 The company has a line of credit avalable to bolster the cash balance as needed. 33 34 When preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedules. 35 36 Required: 37 dick the Schedules and Cash Budget tab to prepare the following: 38 1. Schedule of expected cash collections for March. 2. Schedule of expected cash disbursements for inventory purchases for March. 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. (Use cells A4 to D7 and A10 to B30 from the given information, as well as A3 to C34 from the Schedules and Cash Budget to 43 complete this question.) 44 45 46 47 Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your workStep by Step Solution
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