Saved onus) Cash Budget with Supporting Cash Collections and Disbursements Schedules 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 HOME H5 Cash Budget with Supporting Cash Collections and Disbursements Schedules-biel 7 5 X FILE INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In 18 . F 4 12 --- Tables Mustrations Apps for Recommended PivoChart Power Sparklines Filters Links Text Symbols Oce- Charts - View Apps Charts Reports C12 f Symbols 2 o 1 S&P Enterprises needs a cash budget for March. The following information is available. 2 3 Data January February March Actual January and February and expected March sales: 5 Cash sales S 1.600 $ 3,750 $ 5,100 + Sales on account 25.000 30,000 40.000 7 Total Sales 5.26.000 250 5.50 15 60% 2256 Accounts Receivable Collections: 10 Month of sale 11 Month following sale 12 Second month following sale 13 Uncollectible 14 15 Accounts payable for inventory purchases, March 1 balance 15 Budgeted inventory purchases in March 17 nentory payment 18 Month of purchase S10.500 $21.500 Prov 1 of 1 18 the Autonin HH Colors A Fonts Themes Effects Margins Orientation Size Print Breaks Background Print Area Titles Page Setup Height: Automatic B] Scale 100% Sheet Arrange Options Scale to Fit Themes C12 B C D $23,500 16 Budgeted Inventory purchases in March 17 Inventory payments: 18 Month of purchase 60% 19 40% Month following purchase 20 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. 35 37 Click the Schedules and Cash Budget tab to prepare the following 38 1. Schedule of expected cash collections for March. 19 2. Schedule of expected cash disbursements for inventory purchases for March Budget Data Schedules and Cash Budget READY 100% Attempt Pro 1 of 1 HD Net ha Saved cel (bonus) A Colors A Fonts - Themes Effects Width Automatic Height: Automatic Scale 100% Arrange Sheet Options Themes Margins Orientation Sie Print Breaks Background Print Area Tiles Page Setup 1 X Scale to it C12 A c D 4 B 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 Interest due so 32 33 The company has a line of credit available to bolster the cash balance as needed. 15 When preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedules. 56 S&S 37 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. Cashbudget 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 62 44 45 Budget Data Schedules and Cash Budget READY Attempts 100% Prov 1 of 1 HIE Next I intertar Some http://www.mylo. Discussion. Seved cel (bonus) Cash Budget with Supporting Cash Collections and Disbursements Schedules 1. Prepare a budget, including a schedule of expected cash collections 2. Prepare a trecere budget, naudinga schedule of expected cash asbursements for purchases of materials 3. Prepare a change DH. FILE HOME AN Colon A Font Themes Ecs 2 Cinh Hudget with supporting Con Collections and Distrements Schedules El X INSERT PAGE LAYOUT TORMULAS DATA REVIEW VIEW Sign In Width Automa 1 High Automatic Margin Orient See Print trake Background Print Scale Title 100% Sher Arrange Page Setup Themen BE fo A Expected cash collections 2 March cash collections 3 March lections on account + January sales February sales March 7 Total cash collections > Payments to suppliers 20 Accounts payable for entory burches, beginning balance 11 March purchases 13 Total than 23 14 & Enterprises 25 Cash Budget For the Month of March 12 2 Cache March 11 acer Intera xoom httpswww.my Excel (bonus Seved colors. A Fonts Theres Width Automatic Height: Automatic Scale 100% Margint Orientation Ser Print Breaks Background Print Area Titles Page Setup Sheet Arrange Options Themes Scale to it B4 X B 0 E min 16 For the Month of March 17 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 Equipment purchases 26 Dividends paid 27 Total disbursements 20 Preliminary cash balance 25 Financing 30 Additional loan 33 Loan repayments 32 Interest 19 Total trancing 34 Cash balance, March 31 35 16 21 38 Budget Data Schedules and Cash Budget READY Artemid 5/6 1004 Me 1 of 1 Ne