- Prepare a sales budget, including a schedule of expected cash collections.
- Prepare a direct materials budget, including a schedule of expected cash disbursements for purchases of materials.
- Prepare a cash budget.
All answers must be entered as formula.
X 5 ? 5 x Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW FILE HOME Sign In A 22 2 PivotChart Power Sparklines Filters View Links Tables Illustrations Apps for Recommended Office - Charts Apps Text Symbols Charts Reports A1 S&P Enterprises needs a cash budget for March. The following information is A D E B 1 S & P Enterprises needs a cash budget for March. The following information is available. 2 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 $ 3,750 $ 5,100 25,000 30,000 40,000 $ 26,600 $ 33,750 $45.100 8 11 15% 60% 22% 3% 9 Accounts Receivable Collections: 10 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: 18 Month of purchase 19 Month following purchase $10,500 $23,500 60% 40% 20 $12,500 $3,200 21 Total budgeted selling & administrative expenses in March 22 Budgeted selling & administrative depreciation in March 23 24 Other budoetod rach dichurcoments in March Budget Data Schedules and Cash Budget. ? X Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW FILE HOME Sign In a A PivotChart Links Text Symbols Tables Illustrations Apps for Recommended Office Charts Apps Power Sparklines Filters View Reports Charts A1 for S&P Enterprises needs a cash budget for March. The following information is A B D E 20 21 Total budgeted selling & administrative expenses in March 22 Budgeted selling & administrative depreciation in March $12,500 $3,200 23 25 24 Other budgeted cash disbursements in March Equipment purchases 26 Dividends to be paid $14,000 $2,000 27 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 $0 $0 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. 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. 40 41 42 43 44 Budget Data Schedules and Cash Budget XUS - x Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW FILE HOME Sign In 3D A 22 PivotChart Links Text Symbols Tables Illustrations Apps for Recommended Office Charts Apps Power Sparklines Filters View Reports Charts A1 force Expected cash collections: A B D E 16 20 For the Month of March 17 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 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 35 36 37 38 39 Budget Data Schedules and Cash Budget ... + 100% READY Attempt(s)
