Directions alongside one question. Please answer with formulas. Thank you! \begin{tabular}{|l|l|l|l|l|} \hline F1 &...
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Directions alongside one question. Please answer with formulas. Thank you!
\begin{tabular}{|l|l|l|l|l|} \hline F1 & & \\ \hline Paste \end{tabular} Other budgeted cash disbursements in March Equipment purchases Dividends to be paid $14,000 $2,000 Minimum cash balance to be maintained March 1 cash balance March 1 outstanding borrowings March 1 interest due $10,000 $11,500 $0 32 The company has a line of credit available to bolster the cash balance as needed. When preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedules. 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. 24 Selling and administrative expenses Equipment purchases Dividends paid Total disbursements Excess (deficiency) of cash available over disbursements 29 Financing: Borrowings Repayments Interest 3 Total financing 34 Cash balance, March 31
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Directions alongside one question. Please answer with formulas. Thank you!