Question

tion Ch 8 Saved Х - Cash Budget with Supporting Cash Collections and Disbursements Schedul... ? INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW FILE HOME Sign In Calibri - 11 - AA % Paste BIU. Cells Alignment Number Conditional Format Cell Formatting as Table Styles Styles Clipboard Font A1 S&P Enterprises needs a cash budget for March. The following information is с D E B 21 Total budgeted selling & administrative expenses in March $12,500 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 SO 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 43 44 45 ► Budget Data Schedules and Cash Budget ++ READY Attempt(s) + 100% Hint
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