Please answer with formula. 
tion Ch 8 Saved - Cash Budget with Supporting Cash Collections and Disbursements Schedul... ? INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW FILE HOME Sign In Calibri - 11 - AA % Paste BIU. Cells Alignment Number Conditional Format Cell Formatting as Table Styles Styles Clipboard Font A1 S&P Enterprises needs a cash budget for March. The following information is D E B 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 29 March 1 cash balance $11,500 30 March 1 outstanding borrowings $0 31 March 1 interest due SO 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. 41 42 43 44 45 Budget Data Schedules and Cash Budget ++ READY Attempt(s) + 100% Hint Sign In Cash Budaet with Supportina Cash Collections and Disb... FILE HOME INSERT PAGE FORMULAS DATA REVIEW VIEW X Calibri 11 A % Paste BIU 8.A AlignmehlumbeFonditiorFormat Cell Cells Formattiras Styles Clipboard Font Styles A1 B D E 7 Total Sales $26.600 $ 33.750 $_45.100 8 10 9 Accounts Receivable Collections: Month of sale Month following sale Second month following sale Uncollectible 11 15% 60% 22% 3% 12 13 14 $10,500 $23,500 18 60% 40% $12,500 $3,200 15 Accounts payable for inventory purchases, March 1 balance 16 Budgeted inventory purchases in March 17 Inventory payments: 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 Equipment purchases 26 Dividends to be paid 27 28 Minimum cash balance to be maintained 29 March 1 cash balance 30 March 1 outstanding borrowings Budget Data Schedules and Cash 1 ... READY Attempt(s) 25 $14,000 $2,000 $10,000 $11,500 $0 E 100% Hint Cash Budget with Supporting Cash Collections and Disbursements Schedules 1. Use the Budget Data tab to complete the Schedules and Cash Budget tab. Formulas must be entered so that all cash flow amounts are positive numbers. ? Sign In XI - Cash Budaet with Supportina Cash Collections and Disb... FILE HOME INSERT PAGE FORMULAS DATA REVIEW VIEW X Calibri 11 % Paste BIU - A AlignmehlumbefonditiorFormat Cell Cells Formattir as Styles Clipboard Font Styles A1 A B c D E A 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 Cash balance before financing 29 Financing: 30 Borrowings/Repayments 31 Cash balance, March 31 32 33 34 35 36 37 38 39 40 41 Budget Data Schedules and Cas + L READY Attempt(s) -100% Hint ? Sign In Cash Budaet with Supportina Cash Collections and Disb... FILE HOME INSERT PAGE FORMULAS DATA REVIEW VIEW Calibri 11 A A % Paste BIU - - AlignmehlumbefonditiorFormat Cell Cells Formattiras Styles Clipboard Font Styles A1 ... B 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 15 S&P Enterprises Cash Budget For the Month of March 16 17 20 18 Cash balance, March 1 19 Add cash receipts: Collections from customers 21 Total cash available 22 Less disbursements: 23 Payments to suppliers 24 Selling and administrative expenses Budget Data Schedules and Cas READY Attempt(s) E 100% Hint
