the first two attachments are examples the last one is the excel spreadsheet that needs to be field out

for the homework below

Complete the following problems. For assistance, you may want to refer to these examples. The Word document has instructions on using the Excel spreadsheet.

• Week 11 Example Problems.doc
• Week 11 Example Problems.xls

Required:

Download the Week 11 Problems Excel spreadsheetto use in completing your problems.

1. Given the following information:

75 percent of sales are for credit, and collections occur after thirty days.
A $100,000 Treasury bill matures in March.
Monthly fixed disbursements are $13,000.
Variable disbursements are 62 percent of sales and occur one month prior to sales.
A tax payment of $13,500 is due in February.
The initial cash is $20,000.
The minimum required cash balance is $5,000.
Variable cash disbursements for April are $30,000.

Sales
January	0
February	60,000
March	80,000
April	100,000

Construct the firm’s cash budget for the given months.

1. Given the following information:
   

   Sales
   June	$200,000
   July	200,000
   August	200,000
   September	300,000
   October	500,000
   November	200,000

   70% of the sales are for credit and are collected one month after the sale. Other receipts:  $50,000 in October
   Variable disbursements: 60% of sales each month
   Other disbursements: $10,000 a month
   $80,000 for taxes in August
   $400,000 for debt repayment in November
   Beginning cash: $50,000
   Desired cash: $10,000

Prepare a monthly cash budget for this firm.