Was looking for some help on these 4 problems. Will need them done in excel and with the formulas worked into the problem.

E22A-34 Preparing an operating budgetselling and administrative expense budget

Consider the sales budget presented in Exercise E22A-33. Stewarts selling and administrative expenses include the following:Rent, $1,100 per monthSalaries, $2,000 per monthCommissions, 4% of salesDepreciation, $1,800 per monthMiscellaneous expenses, 3% of salesPrepare a selling and administrative expense budget for each of the three quarters of 2016 and totals for the nine-month period.

E22-24 Preparing an operating budgetsales and production budgets

Gorman Company manufactures drinking glasses. One unit is a package of eight glasses, which sells for $35. Gorman projects sales for April will be 5,500 packages, with sales increasing by 450 packages per month for May, June, and July. On April 1, Gorman has 125 packages on hand but desires to maintain an ending inventory of 10% of the next months sales. Prepare a sales budget and a production budget for Gorman for April, May, and June.

E22-27 Preparing a financial budgetschedule of cash receipts, sensitivity analysis

Armand Company projects the following sales for the first three months of the year: $10,600 in January; $12,300 in February; and $12,900 in March. The company expects 60% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar.Requirements1. Prepare a schedule of cash receipts for Armand for

January, February, and March. What is the balance in Accounts Receivable on March 31?2. Prepare a revised schedule of cash receipts if receipts from sales on account are 60% in the month of the sale, 30% in the month following the sale, and 10% in the second month following the sale. What is the balance in Accounts Receivable on March 31?

P22-57 Preparing a financial budget

This problem continues the Daniels Consulting situation from Problem P21-63 of Chapter 21. Assume Daniels Consulting began January with $12,000 cash. Management forecasts that cash receipts from credit customers will be $52,000 in January and $55,000 in February. Projected cash payments include equipment purchases ($16,000 in January and $40,400 in February) and selling and administrative expenses ($6,000 each month).Danielss bank requires a $23,000 minimum balance in the firms checking account. At the end of any month when the account balance falls below $23,000, the bank automatically extends credit to the firm in multiples of $5,000. Daniels borrows as little as possible and pays back loans each month in $1,000 increments, plus 12% interest on the entire unpaid principal. The first payment occurs one month after the loan.

Requirements

1. Prepare Daniels Consultings cash budget for January and February 2018.

2. How much cash will Daniels borrow in February if cash receipts from customers that month total $30,000 instead of $55,000?