NOTE: The information and the answer request are in different work-sheets, so I need the correct formulas.
Master Budgets Excel i Saved 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. ? X - Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW - Sign In FILE HOME Calibri 35 Paste B I U A Alignment Number Conditional Format as Cell Formatting Table Styles Cells Editing Clipboard Styles for S&P Enterprises needs a cash budget for March. The following information is HD 1 S & P Enterprises needs a cash budget for March. The following information is available. January February March 3 Data 4 Actual January and February and expected March sales: 5 Cash sales 6 Sales on account 7 Total Sales $ $ 1,600 25,000 S 26,600 3,750 $ 5,100 30,000 40,000 33,750 S 45.100 10 9 Accounts Receivable Collections: Month of sale Month following sale Second month following sale Uncollectible 15% 60% 22% 3% 15 Accounts payable for inventory purchases, March 1 balance 16 Budgeted inventory purchases in March $10,500 $23,500 Prey 1 of 1 !!! Next > dipboard Styles A1 x for S&P Enterprises needs a cash budget for March. The following information is B C D E 4 Actual January and February and expected March sales: 5 Cash sales $ 1,600 $ 3,750 $ 5,100 6 Sales on account 25,000 30,000 40,000 7 Total Sales $ 26,600 $ 33.750 $ 45.100 18 | 9 Accounts Receivable Collections: 10 Month of sale 15% | 11 Month following sale 60% 12 Second month following sale 22% 13 Uncollectible E3% $10,500 $23,500 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 60% 40% 21 Total budgeted selling & administrative expenses in March 22 Budgeted selling & administrative depreciation in March $12,500 $3,200 24 Other budgeted cash disbursements in March Equipment purchases 26 Dividends to be paid $14,000 $2,000 ... Budget Data Schedules and Cash Budget ... + TE READY Attempt(s) -- + 1009 Show Me Clipboard S&P Enterprises needs a cash budget for March. The following information is 21 Total budgeted selling & administrative expenses in March 22 Budgeted selling & administrative depreciation in March $12.500 $3,200 24 Other budgeted cash disbursements in March Equipment purchases 26 Dividends to be paid $14,000 $2,000 28 Minimum cash balance to be maintained 29 March 1 cash balance 30 March 1 outstanding borrowings 31 March 1 interest due $10,000 $11,500 33 The company has a line of credit available to bolster the cash balance as needed. 35 When preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedules. 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. Budget Data Schedules and Cash Budget ... + READY + 100% Attempt(s) Show Me Prev 1 of 1 !!! Next > VOX fix 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 9 Payments to suppliers: 10 Accounts payable for inventory purchases, beginning balance 11 March purchases 12 Total cash payments S&P Enterprises Cash Budget For the Month of March 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 Selline and administrative exnenses - ... Budget Data Schedules and Cash Budget READY ... + Cash Budget For the Month of March 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 34 Cash balance, March 31 ... Budget Data Schedules and Cash Budget READY -- + 100%
