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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. B . HOME S . Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel INSERT PAGE LAYOUT FORMULAS DATA ? - 5 X FILE REVIEW VIEV Sign In Calibri B I U . , A. Alignment Number Cells Editing Conditional Format as Cell Formatting" Table Styles Styles X 5&P Enterprises needs a cash budget for March. The following information is 1 S&P Enterprises needs a cash budget for March. The following information is available. January February March 3 Data 4 Actual January and February and expected March sales: 5 Cash sales 6 Sales on account Total Sales $ 1,600 $ 25,000 26,600 $ 3,750 $ 5,100 30000 40,000 33.750 $45.100 Accounts Receivable Collections: Prey 1 of 1 Next o search o tem w udgets Excel Saved S & P Enterprises needs a cash budget for March. The following information is available. January February March 3 Data 4 Actual January and February and expected March sales: Cash sales 6 Sales on account Total Sales $ 1,600 $ 25,000 26,600 S 3,750 $ 5,100 30,000 40.000 33,750 $ 45.100 $ 15% Accounts Receivable Collections: Month of sale Month following sale Second month following sale Uncollectible 60% 22% 3% $10,500 $23,500 15 Accounts payable for inventory purchases, March 1 balance 16 Budgeted inventory purchases in March 17 Inventory payments: Month of purchase Month following purchase 60% 40% 21 Total budgeted selling & administrative expenses in March 22 Budgeted selling & administrative depreciation in March $12,500 $3,200 24 Other hudmatarrach Hicharcamente in March LU. 1 of 1 FH Next udgets Excel Saved Month of purchase Month following purchase 20 21 Total budgeted selling & administrative expenses in March 22 Budgeted selling & administrative depreciation in March 60% 40% $12,500 $3,200 24 Other budgeted cash disbursements in March Equipment purchases Dividends to be paid 26 $14,000 $2,000 28 Minimum cash balance to be maintained 29 March 1 cash balance 30 March 1 outstanding borrowings 31 March 1 interest due $10,000 $11,500 35 The company has a line of credit available to bolster the cash balance as needed. 35 When preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedules. 37 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

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