Managerial Accounting Assignment (Due: May 1, 2022 at 11:30 P.M. Managerial Accounting Assignment (Due: May 1, 2022 at 11:30 P.M. This is an excel assignment where we have to input the information...

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Managerial Accounting Assignment (Due: May 1, 2022 at 11:30 P.M.
Managerial Accounting Assignment (Due: May 1, 2022 at 11:30 P.M.
This is an excel assignment where we have to input the information into the cells. I really need all answer to be co
ect and I believe I have to use the cells to answer the questions. So can you please answer it so it looks like this format even if you have to write into the cells and scan it back to me. I need to have the answer as well as what cells to multiply, divide, subtract, add, etc. to get to that answer. I appreciate your help. Please and Thank you.
Answered 2 days AfterApr 26, 2022

Answer To : Managerial Accounting Assignment (Due: May 1, 2022 at 11:30 P.M. Managerial Accounting Assignment...

Sandeep answered on Apr 29 2022
18 Votes
Sheet1
    Ans 1    Expected Cash Collections :
        March Cash Collections     $5,100
        March Collections on account :

         January Sales    $3,750
         Fe
urary Sales     $19,500
         March Sales     $29,500
        Total Cash collections     $57,850
        Payment to Suppliers :
        Account payable for Inventory purchases, beginning balance    $10,500
        March Purchases     $14,100
        Total Cash Payment     $24,600
        Criteria for Collections on account :            January    Fe
uary    March    Uncollectibles
        Month of Sales -Same Month-% of Collectibles     15%    Sales on Account     $25,000    $30,000    $40,000    $2,850
        Month following Sale -% of Collectibles     60%    Budgeted Inventory Purchases in March            23500
        Second Month following sale -% of Collectibles     22%
        Uncollectibles -% of Collectibles     3%    Pending
        Criteria for Inventiory Payments -
        Month of Purchase -% of Payables    60%
        Month following Purchase -% of Collectibles     40%
        S&P Enterprises
        Cash Budget
        For the Month of March
        Cash Balance ,March 1        $11,500    (Jan Cash receipt+Jan on account 1st Instalmnt.+January 2nd Instalmnt.) + (Fe
uary Cash receipt+Fe
uary on account 1st...
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