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SuperTech Battery a rapidly growing distributor of battery manufacturers, is formulating its plans for 2 0 1 8 . The planning department of the firm

SuperTech Battery a rapidly growing distributor of battery manufacturers, is formulating its
plans for 2018.
The planning department of the firm has completed the revenue budget presented here.
Super Tech Battery Ltd
2018 Budgeted Revenues (in thousands)
The accountant in the Planning and Budgeting Department is responsible for preparing the
cash-flow projection. The following information is to be used in preparing the cash flow
projection:
a. Super Tech Battery's excellent record in accounts receivable collection is expected to
continue: 60% of billings are collected the month after the sale and the remaining
40%2 months after.
b. The purchase of electronic components is Utility Ltd's largest expenditure and is
estimated to be 40% of revenues. Utility Ltd receives 70% of the parts 1 month prior
to the sale and 30% during the month of sale.
Prepare Cash collection schedule and Cash payments schedule for the sale and purchase of products. Do the calculations in excel, attach excel screenshot and explain the steps and formulas on how to do it.
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