S&P Enterprises has provided data from the first three months of the year. The Controller has asked you to prepare the cash budget and the related schedules for expected cash collections and payments to suppliers. Use the information included in the Excel Simulation and the Excel functions described below to complete the task.

• Cell Reference: Allows you to refer to data from another cell in the worksheet. In the Excel Simulation below, if =B5 is entered in a blank cell on the Budget Data tab, the formula outputs the result from cell B5, which is 1,600 in this example.
• Multi-Tab Cell Reference: Allows you to refer to data from another cell in a separate tab in the worksheet. When using the multi-tab cell reference, type the equal sign first, then click on the other tab and then click on the cell you want to reference. The syntax of a multi-tab cell reference looks different than a normal cell reference, since it includes the tab name surrounded by apostrophes and also an exclamation point before the cell location. In the Excel Simulation below, if =Budget Data!C7 is entered in a blank cell on the Schedules and Cash Budget tab, the formula outputs the result from cell C7 in the Budget Data tab, which is 33,750 in this example.
• Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys: + (plus sign to add), - (minus sign to subtract), * (asterisk sign to multiply), and / (forward slash to divide). In the Excel Simulation below, if =B15+B16 is entered in a blank cell on the Budget Data tab, the formula adds the values from those cells and outputs the result, which is 34,000 in this example. If using the other math symbols, the result is an appropriate answer for the function.
• SUM function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges to utilize this function. In the Excel Simulation below, if =SUM(B10,B11,B12) is entered in a blank cell, the formula outputs the result of adding those three separate cells, which is 97% in this example. Similarly, if =SUM(B10:B12) is entered in a blank cell, the formula outputs the same result of adding those cells even though they are expressed as a range in the formula, so the result is 97% in this example.

FORMULA PLEASE

Other budgeted cash disbursements in March Equipment purchases Dividends to be paid $14,000 $2,000 Minimum cash balance to be maintained March 1 cash balance March 1 outstanding borrowings March 1 interest due 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. Expected cash collections: March cash collections March collections on account: January sales February sales March sales Total cash collections Payments to suppliers: Accounts payable for inventory purchases, beginning balance 1 March purchases Total cash payments S \& P Enterprises Cash Budget For the Month of March Cash balance, March 1 Add cash receipts: Collections from customers Total cash available before current financing Less disbursements: Payments to suppliers Selling and administrative expenses Equipment purchases Dividends paid Total disbursements Excess (deficiency) of cash available over disbursements Financing: Borrowings Repayments Interest Total financing Cash balance, March 31