Please Help with the incorrect/blank problems. I will upvote if answers are correct.

Excel Activity: Cash Budgeting Helen Bowers, owner of Helen's Fashion Designs, is planning to request a line of credit from her bank. She has estimated the following sales forecasts for the firm for parts of 2021 and 2022: May 2021 $160,000 June 160,000 July 320,000 August 480,000 September 640,000 October 320,000 November 320,000 December 80,000 January 2022 160,000 Estimates regarding payments obtained from the credit department are as follows: collected within the month of sale, 10% collected the month following the sale, 75% collected the second month following the sale, 15%. Payments for labor and raw materials are made the month after these services were provided. Here are the estimated costs of labor plus raw materiais May 2021 $ 80,000 lune 80,000 July 112,000 August 784,000 September 240,000 October 192.000 November 144,000 December 80,000 General and administrative salaries are approximately $33,000 a month. Lease payments under long-term leases are $11,000 a month. Depreciation charges are 144,000 a month. Miscellaneous expenses are $1,650 a month. Income tax payments of $55,000 are due in September and December. A progress payment of $170,000 on a new design studio must be paid in October. Cash on hand on July 1 will be $132,000, and a minimum cash balance of $85.000 should be maintained throughout the cash budget period. The data has been collected in the Microsoft Excel file below. Download the spreadsheet and perform the required analysis to answer the questions below. Do not a. Prepare a monthly cash budget for the last 6 months of 2021. All payments and expenses should be entered as positive numbers. Net cash losses, negative cash balance, negative cumulative cash, and cumulative loans outstanding, if any, should be indicated by a minus sign July August September October November December $ 320000 $ 400000 $ 640000 $ 320000 $ 320000 $ 80000 $ 32000 $ 32000 $ 8000 120000 240000 Collections and purchases worksheet Sales (gross) Collections During month of sale During 1st month after sale During 2nd month after sale Total collections Purchases Labor and raw materials Payments for labor and raw materials 36000 96000 48000 $ 480000 48000 576000 $ 64000 $ 240000 48000 352000 $ 32000 $ 60000 X 24000 3 12000 0 X $ 488000 $ 284000 $ 001000 116000 $ 128000 $ $ $ $ 112000 80000 784000 112000 $ 240000 $ $ 1 784000 $ Numeric field 192000 240000 144000 $ 192000 5 80000 144000 $ @ S $ $ $ - 16000 5 + 140000 408000 80000 $ 33000 11000 464000 112000 33000 11000 1650 Cash pain or loss for month Collections Payments for labor and raw materials General and administrative salaries Lease payments Miscellaneous expenses Income tax payments Design studio payment Total payments Net cash gain (loss) during month -432000 784000 $ 33000 1100 % 1650 55000 44000 s 240000 $ 33000 11003 1650 33000 eges -76000 192000 33000 11000 1650 OOO 11000 1650 55000 1650 170000 $ 157650 S 354650 125650 3623503 455650 171650 237650 $ -121650 244650 11650 418350 $ 512650 $ Loan requirement or cash surplus Cash at start of month Cumulative cash 5 132000 194350 $ 912700 380050 $ 208400 $ 86750 29900 3710 5 29900 submit 95000 85000 A-Z -114900 Cumulative cash 494350 912700 $ 380050 208400 86750 5 Target cash balance 85000 85000 85000 85000 Cumulative surplus cash or loans outstanding to maintain $65,000 target cash balance 409350 $ 827700 2950503 123400 1750 b. Prepare monthly estimates of the regured financing or excess funds-that is, the amount of money Bowers will need to borrow or will have available to invest. Required financing. If any should be indicated by a minus sign Required financing or excess funds July 5 409350 August s 3333503 September 5 -6176503 October $ -256650 X November 5 -206650 December 5 201650 cow suppose receipts from salt come in uniformly during the month (that is, cash recents come in at the rate of 1/30 01/31 aachw), but all outflowt muse be paid on the 5th Will this affect the cash budget? That is, will the cash budget you prepared be valid under these astumptions? If not, what could be done to make a valid estimate of the peak financing requirements? No calculations are required, although you prefer, you can ute cakulations to ilustrate the effects In a situation, where inflows and outflows are not synchronized during the month, it who Skely to be possible to use a cash budget centered on the end of the month. To make a valid estimate of the peak financing requirements, the company would the main charan d. Bowers' sales are seasonal and her company produces on a seasonal basis just ahead of sales. Without making any calculations, Scuss how the company's current and debt ratios would vary during the year it on financial requirements were met with short-term bank loans Could changes in these ratios affect the n's ability to obtain tak seda? Explain The months preceding peak sales would show addressed current rate and served debt to capital ratio due to sitional short-term bank loans. In the following months as receipts are collected from sales, the current ratio would and the debt-to-capital ratio would der Abnormal changes in these ration would affect the firm's ability to obtain bank credit The months preceding peak sales would show decreased a current ratio and an increased debt-to-capital ratio due to additional short-term bank loans. In the following months as receipts are collected from sales, the current ratio would create and the debt-to-capital ratio would decrease o . Abnormal changes in these ratios would e affect the firm's ability to obtain bank credit. et Bowers customers began to pay tate, collections would slow down, thus increasing the required loan amount. If sales declined, this also would have an effect on the required loan. Do a sensitivity analysis that shows the effects of these two factors on the maximum loan requirement. Enter your answers positive numbers. To complete the sensitivity analysis, follow these steps in excel Ensure that cell AGO is a reference to cell 056 0.356) Select/highlight cells Ago through H9 (669) From the top stoon, select Data > Forecast > What-tf-Analysis > Data Table Forrow input cell click on cell 5 or enter $8$5. For column input cell click on cel 14 or manually enter 58514 Click OK Collections in and month 0 15% 30% 60% 754 90 5 $ $ Change in sales -100% -75% -50 $ $ $ 5 0 1 $ $ 5 $ 25 so 75% 100% 5 Check My Word Res