is there any way you would be able to show the excel formulas as well as the answers. i am honestly more confused about how the formulas work then the actual questions. Thank you!!

a data relate to the operations of Shilow Company, a wholesale distributor of consumer goods a The gross margin is 2.5% of sales b. Actual and budgotod salos data c Sales are 60% for cash and 40% on credt Credt sales are colected in the month following saie. The accounts foceivable at March 31 are a result of March credit saies e. One-half of a month's inventory purchases is paid for in the month of purchase, the other half is paid for in the following month The accounts payable at March 31 are the result of March purchases of inventory I Monthly expenses are as follows commissions, 12% of sales, rent, $2,500 per month, other expenses (excluding depreciation), 6% of sales. Assume that these expenses are paid monthly Depreciation is $900 per month (includes depreciation on new assets). g. Equipment costing \$1,500 will be purchased for cash in April, h. Management would like to maintain a minimum cash balance of at least $4,000 at the end of each month The company has an agreement with a local bank that allows the company to borrow, in increments of $1,000 at the beginning of each month, up to a total loan balance of $20,000. The interest rate on these loans is 1% per month and for simplicity we will assume that interest is not compounded. The company would, as far as it is able, repay the loan plus accumulated interest af the end of the quarter \begin{tabular}{|l|r||c|c|c|} \multicolumn{3}{c|}{ Budgeted Sales } \\ \hline April & May & June & July \\ \hline \end{tabular} Schedule of Expected Cash Collections Schedule of Expected Cash Disbursements-Merchandise Purchaes \begin{tabular}{lcc|c|c|} & April May & Mune & Quarter \\ MarchPurchases & $21,750 & & $21,750 \\ AprilPurchases & 26,700 & 26,100 & 52,200 \\ May Purchases & & \\ June Purchases & & \\ \hline TotalDisbursements & $47,850 & \\ \hline \end{tabular} Schedule of Expected Cash Disbursements-Selling\& Administrative \begin{tabular}{lc|} \hline & April May June Quarter \\ \hline Commissions & 17.200 \\ Pent & 2.500 \\ Othet Eupenses & 3,600 \\ \hline TotalBisbursements & $13,300 \\ \hline \end{tabular} 42. Less CoshDisbursements 44. Escroviong -1) Pepsimens 61 tresesporid "Endingathewance