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Also, for February and March.

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 cel on the Budget Data tab, "-85" was entered, the formula would output the result from cell B5, or 1,600 in this example Muith 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 DataC7 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: tplus sign to add), (minus sign to subtract), (esterisk sign to multiply), and / (forward slash to divide). From the Excel Simulation below, If in a blank cell on the Budget Data tab, B15+816 was entered, the formula would add the values from those cells and output the result, or 34,000 in this example. Iif 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(B10,811,812)" 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 . UMB 10 Bir 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 & cash Budget with Supporing Cash Cioctions and Disbursements Schodues . Excel ? - ; Sign th HOME INSERY PAGE LAYOUT FORMULAS DATA REVIEw vEW Ca BIUA Aligoment Number Conditional Formatas Cell Cells Editing Formatting Table Styes ClipbourdL Font Styles D4 ID S & P Enterprises needs a cash budget for March. The following information is available. 3 Data 4 Actual January and February and expected March sales: Janeary FebruaryMarch S 1,600 S 3,750 S 5,100 250003000040000 s Cash sales Sales on account 7 Total Sales 9 Accounts Receivable Collections 10Month of sale 11 | Month following sale 12 ill Second month following sale 13 Uncollectible 15% 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: 18 Month of purchase 19 Month following purchase 20 40% $12,500 S3,200 21 Total budgeted selling & administrative expenses in March 22 Budgeted selling & administrative depreciation in March 23 2Arrhecht lee ad raeh dicharcements in Manch N Budget Data l | Er Schedules and Cash Budget READY + + 100% . c. 4 . cash Budget with Suppor ng Cash Colectons and D st ursements schedues . Excl ? ; HOME INSERT PAGE LAYOUT roastULAS DATA REVIEW VIEW sign th Caibri PasteBIUA Aligment Number Conditional Format a cel Cels Editing Clipbourd D4 Formatting Table Styes Font 13 S3,200 22 Budgeted selling & administrative depreciation in March 23 24 Other budgeted cash disbursements in March 25 Equipment purchases $14000 $2,000 26 Dividends to be paid 27 28 Minimum cash balance to be maintained 29 March 1 cash balance S10,000 S11,500 S0 SO 30 March 1 outstanding borrowings 31 March 1 interest due 32 33 The company has a line of credit available to bolster the cash balance as needed. 34 15 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. 39 2. Schedule of expected cash disbursements for inventory purchases for March 40 3. Cash budget for March. Indicate in the financing section any borrowing that will be needed in March. Assume that 41 any interest will not be paid until the following month. 42 43 45 | Budget Data Schedules and Cash Budget-1...-Ott READY -+ 100%

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