prepare a sales budget including the schedule of expect cash collections

Prepare a direct materials budget and cleaning schedule expected cash disbursments for purchase of materials

pepare a cash budget

Budget Data Schedules and Cash Budget Expected cesh collections: March cash collections March collections on account: January sales February sales March sales Total cach collections Payments to suppliers: Accounts payable for invebtory purchaves, beginning balance March purchases Total cash payments S\& P Enterprises Cash Budget For the Moath of March Cash balance, March 1 Add cash receipte: Collections from customen Total cash available Less disbursements: Payments to suppliers Selling and administrative expenses Equipment purchases Dividends paid Total disbursements Preliminary cash balance Financine: Additional loan Loan repayments Interest A1 S\&P Enterprises needs a cash budget for March. The following information is \begin{tabular}{|c|c|} \hline A & B \\ \hline Total budgeted selling \& administrative expenses in March & $12,500 \\ \hline Budgeted selling \& administrative depreciation in March & $3,200 \\ \hline \multicolumn{2}{|l|}{ Other budgeted cash disbursements in March } \\ \hline Equipment purchases & $14,000 \\ \hline Dividends to be paid & $2,000 \\ \hline Minimum cash balance to be maintained & $10,000 \\ \hline March 1 cash balance & $11,500 \\ \hline March 1 outstanding borrowings & $0 \\ \hline March 1 interest due & $0 \\ \hline \end{tabular} The company has a line of credit available to bolster the cash balance as needed. When preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedules. Click the Schedules and Cash Budget tab to prepare the following: 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. Budget Data Schedules and Cash Budget