100 3 points Excel SIM: 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. eBook FILE HOME INSERT Print Calibri References Paste BIU- Clipboard Α1 Font Mc Graw Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel ? PAGE LAYOUT 11 -A FORMULAS DATA REVIEW VIEW % Sign In Alignment Number Conditional Format as Cell Cells Editing Formatting Table Styles Styles S&P Enterprises needs a cash budget for March. The following information is A B с D E 1 S & P Enterprises needs a cash budget for March. The following information is available. 2 January February March 3 Data 4 Actual January and February and expected March sales: 5 Cash sales 6 Sales on account 7 Total Sales 8 1,600 $ 3,750 $ 5,100 25,000 30,000 40,000 $ 26,600 $ 33,750 $ 45.100 < Prev 3 of 3 Next/nUBIU 3 Paste Clipboard BIU Α1 Font 57 Alignment Number Conditional Format as Cell Formatting Table Styles Styles Cells Editing S&P Enterprises needs a cash budget for March. The following information is B с D E 100 points 1 S & P Enterprises needs a cash budget for March. The following information is available. 2 3 Data January February March eBook 4 Actual January and February and expected March sales: 5 Cash sales S Print 6 Sales on account 1,600 $ 3,750 $ 5,100 25,000 30,000 40,000 References $ 26,600 $ 33,750 $ 45,100 7 Total Sales 8 9 Accounts Receivable Collections: Month of sale 10 15% 11 Month following sale 60% 12 Second month following sale 22% 13 Uncollectible 3% 14 15 Accounts payable for inventory purchases, March 1 balance $10,500 16 Budgeted inventory purchases in March $23,500 17 Inventory payments: 18 Month of purchase 60% 19 Month following purchase 40% 20 21 Total budgeted selling & administrative expenses in March $12,500/nB с D E ო 3 2 3 Data 1 S & P Enterprises needs a cash budget for March. The following information is available. February March January 4 Actual January and February and expected March sales: S 5 Cash sales 100 points 6 Sales on account 1,600 $ 3,750 $5,100 25,000 30,000 40,000 $ 26,600 $ 33,750 $ 45.100 7 Total Sales 8 eBook 9 Accounts Receivable Collections: 10 Month of sale Print 11 Month following sale References 12 Second month following sale 13 Uncollectible 15% 60% 22% 3% 14 15 Accounts payable for inventory purchases, March 1 balance $10,500 16 Budgeted inventory purchases in March $23,500 17 Inventory payments: 18 Month of purchase 60% 19 Month following purchase 40% 20 Mc 21 Total budgeted selling & administrative expenses in March 22 Budgeted selling & administrative depreciation in March 23 24 Other budgeted each dichurcemente in March Budget Data Schedules and Cash Budget READY $12,500 $3,200 回 רו 100%/nB с D E 3 22 Budgeted selling & administrative depreciation in March $3,200 23 24 Other budgeted cash disbursements in March 25 Equipment purchases 26 Dividends to be paid 100 points eBook Print 27 28 Minimum cash balance to be maintained 29 March 1 cash balance 30 March 1 outstanding borrowings 31 March 1 interest due $14,000 $2,000 $10,000 $11,500 $0 $0 32 33 The company has a line of credit available to bolster the cash balance as needed. References 34 35 When preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedules. 36 37 Click the Schedules and Cash Budget tab to prepare the following: 38 1. Schedule of expected cash collections 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. 39 2. Schedule of expected cash disbursements for inventory purchases for March. 40 41 42 43 44 45 Budget Data Schedules and Cash Budget

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