8 16 Paste FILE Coboard 12 13 24 20 . &.. Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW excel S&P Enterprises needs a cash budget for March. The following information is available. 2 1 Calibri BIU- Data 4 Actual January and February and expected March sales: 5 Cash sales 6 sales on account 7 Total Sales 30 Month of sale Accounts Receivable Collections: Month following sale Second month following sale Uncollectible 15 Accounts payable for inventory purchases, March 1 balance Budgeted 26 entory purchases in March 17 Inventory payments: 18 Month of purchase 19 Month following purchase 4 Equipment purchases Dividends to be paid READY Attempt(s) 11 21 Total budgeted selling & administrative expenses in March 22 Budgeted selling & administrative depreciation in March 23 24 Other budgeted cash disbursements in March 25 26 27 28 Minimum cash balance to be maintained 29 March 1 cash balance 30 March 1 outstanding borrowings 31 March 1 interest due 32 D -AA &.. Cells A Alignment Number Conditional Format as Cell Table Styles Styles Formattg pg. .... Budget Data January February 3,750 $ 5,100 $1,600 $3,750 25.000 30.000 40,000 $ 25,500 $33.250 5.45.100 15% 60% 22% 3% $10,500 $23,500 60% 40% $12.500 $3,200 $14,000 $2,000 $10,000 $11,500 50 50 Schedules and Cash Budget D ... *** March 4 E E L ?3-5 Ⓡ M Editing 1 Hint Sign H 75% Show Me 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. From the Excel Simulation below, if in a blank cell on the Budget Data tab, "=85" was entered, the formula would output the result from cell B5, or 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. From the Excel Simulation below, if in a blank cell on the Schedules and Cash Budget tab "="Budget Data'!C7" was entered, the formula would output the result from cell C7 in the Budget Data tab, or 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). From the Excel Simulation below, if in a blank cell on the Budget Data tab, "=815-816" was entered, the formula would add the values from those cells and output the result, or 34,000 in this example. If using the other math symbols the result would output an appropriate answer for its 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. From the Excel Simulation below, if in a blank cell "=SUM(B10,B11,812) was entered, the formula would output the result of adding those three separate cells, or 97% in this example. Similarly, if in a blank cell "SUM(B10:B12)" was entered, the formula would output the same result of adding those cells, except they are expressed as a range in the formula, and the result would be 97% in this example. 日ち FILE n Paste E- ✓ Clipboard C30 2 2-1 Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Calori BIU V 1 -11 Font February sales March sales 1 Expected cash collections: 2 March cash collections 3 March collections on account: January sales & A A A ✓ Su A T 4 5 6 7 Total cash collections 8 9 Payments to suppliers: 10 Accounts payable for inventory purchases, beginning balance 11 March purchases 12 Total cash payments B % M Alignment Number Conditional Format as Cell Cells Editing Formatting Table Styles- Styles $ B 5,100 5,500 18,000 6,000 $ 34,600 $ 10,500 14,100 $ 24,600 C ? ?-6 D E Flexcel Sheet pg.2 5 Sign In cont. below J PICCOLLAGE