please post excel formula

computation

B 1 S & P Enterprises needs a cash budget for March. The following information is available. 2 3 Data January February 4 Actual January and February and expected March sales: 5 Cash sales $ 1,600 $ 6 Sales on account 25,000 7 Total Sales $ 26,600 $ 33.750 8 9 Accounts Receivable Collections: 10 Month of sale 15% 11 60% Month following sale 22% 12 Second month following sale 3% 13 Uncollectible 14 $10,500 15 Accounts payable for inventory purchases, March 1 balance 16 Budgeted inventory purchases in March $23,500 17 Inventory payments: 60% 18 Month of purchase D March 3,750 $ 5,100 30,000 40,000 $45.100 B ipped Book Print arences B C D + DO E 19 Month following purchase 40% 20 $12,500 21 Total budgeted selling & administrative expenses in March 22 Budgeted selling & administrative depreciation in March 23 $3,200 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 $0 31 March 1 interest due 32 33 The company has a line of credit available to bolster the cash balance as needed. 34 35 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 any interest will not be paid until the following month. 41 42 26 Dividends to be paid 27 $2,000 28 Minimum cash balance to be maintained 29 March 1 cash balance $10,000 $11,500 30 March 1 outstanding borrowings $0 31 March 1 interest due $0 33 The company has a line of credit available to bolster the cash balance as needed. 35 When preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedules. 37 Click the Schedules and Cash Budget tab to prepare the following: Schedule of expected cash collections for March. 1. 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 interest will not be paid until the following month. any *** Schedules and Cash Budget 100% Budget Data [[F 31 32 33 34 35 367 38 39 0 1 2345 41 44 E LI Be Paste 99 Clipboard G Font Al x 1 Expected cash collections: 2 March cash collections 3 34567 Calibri 00 % F3 Alignment Number Conditional Format as Cell Formatting Table Styles G Styles Expected cash collections: B C March collections on account: January sales February sales March sales 7 Total cash collections 8 9 Payments to suppliers: 10 Accounts payable for inventory purchases, beginning balance 11 March purchases 12 Total cash payments 13 14 S & P Enterprises Cash Budget 15 For the Month of March 16 34 11 A 101 fr mal Cells M Editing D E 13 14 15 16 17 18 Cash balance, March 1 19 Add cash receipts: 20 Collections from customers 21 Total cash available 22 Less disbursements: 23 Payments to suppliers 24 Selling and administrative expenses 25 Equipment purchases 26 Dividends paid 27 Total disbursements 28 Preliminary cash balance 29 Financing: 30 Additional loan 31 Loan repayments 32 Interest 33 Total financing 34 Cash balance, March 31 35 36 22225 4 READY Budget Data S&P Enterprises Cash Budget For the Month of March Schedules and Cash Budget Help Save &