B$42$

A

$\backslash$table$[[1,$SB$42$

A

$\backslash$table$[[1,$SB$42$

A

$\backslash$table$[[1,$SB$42$

A

$\backslash$table$[[1,$

B$42$

A

$\backslash$table$[[1,$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:,$ $1,600,$$ $3,750,$$ $5,100],[5,$Cash sales,$25,000,30,000,40,000],[6,$Sales on account,$ $26,600,$$ $33\mathrm{.}750,$$ $45,100],[7,$Total Sales,,,$],[8,,-,,],[9,$Accounts Receivable Collections:,$15\%,,],[10,$Month of sale,$60\%,,],[11,$Month following sale,,,$],[12,$Second month following sale,$\backslash$table$[[22\%],[3\%]],,],[13,$Uncollectible,,,$],[14,,,,],[15,$Accounts payable for inventory purchases, March $1$ balance,$\backslash$table$[[$$$10,500],[$$$23,500]],,],[16,$Budgeted inventory purchases in March,,,$],[17,$Inventory payments:,$60\%,,],[18,$Month of purchase,$40\%,,],[19,$Month following purchase,,,$],[20,,,,],[21,$Total budgeted selling & administrativ$$ expenses in March,$\backslash$table$[[$$$12,500],[$$$3,200]],,],[22,$Budgeted selling & administrative depreciation in March,,,$],[23,,,,],[24,$Other hudgeted rach dichurcemente in March,,,$]]$

Budget Data

Schedules and Cash Budget

$\backslash$table$[[,$A$,$B$],[22,$Budgeted selling & administrative depreciation in March,$$3,200],[23,,],[24,$Other budgeted cash disbursements in March,$],[25,$Equipment purchases,$$14,000],[26,$Dividends to be paid,$$2,000],[27,,],[28,$Minimum cash balance to be maintained,$$10,000],[29,$March $1$ cash balance,$$11,500],[30,$March $1$ outstanding borrowings,$$0],[31,$March $1$ interest due,$$0],[32,,],[33,$The company has a line of credit available to bolster the cash balance as needed.,$]]$

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:

Schedule of expected cash collections for March.

Schedule of expected cash disbursements for inventory purchases for March.

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.Enter with formulas