How to do in excel

1. The Right Target, Inc., a marketing research and consulting firm, is working on a cash budget for July to December 2017. The staff has projected the following cash collections and payments: Collections Payments Month Cash Credit Purchase Sales Miscellaneous Sales Wages Expenses July $10,000 $20,000 $15,000 56000 $1.500 August $12,000 $24,000 $18.000 $7.200 $2.000 Septembe $14,000 $28,000 $21,000 $8,400 $2.500 r October $16,000 $32,000 $24,000 59,600 $3,000 November $20,000 $40,000 $30,000 $12.00 0 54,000 December $25,000 $50,000 $37.500 $15,00 0 $4.500 a) If the coding cash balance as of June 30, 2017 was $10,000, determine the firm's forecasted monthly cash balance b) The staff at The Right Target, Inc. wants to know how much they would need to borrow each month if the minimum ending cash balance is $30,000 and the annual interest rate is 7%. c) Determine the impact on the ending cash balance if the fim uses any cash surplus above the required minimum cash balance to pay off its short-term borrowing monthly