Function: SUM; Formula: Subtract; Cell Referencing

BE$6\mathrm{.}12-$ Using Excel to Find Budgeted Cash Balance

PROBLEM

Irina needs to put together the cash budget for quarter two, but she

can't find the bank statement listing the required minimum balance.

The bank only allows withdrawals from the company's line of credit in

specified increments. She knows she has to consider that requirement

when determining any budgeted financing, so she looks at the previous

quarter's cash budget to understand the financing. She finds the

following information on the quarter $1$ budget and from the bank

agreement.

Student Work Area

Required: Provide input into cells shaded in yellow in this template. Input the required

mathematical formulas or functions with cell references to the Problem area or work

area as indicated.

How much is the cash surplus or deficiency?

Amount

How much is the required minimum balance?

Required minimum balance