Complete the cash flow spreadsheet, Financial Accounting

Assignment Help:

This lab assignment will correspond to developing a cash flow budget with an operating loan. There is on lab exercise listed below. Additionally, there are two assignment questions. Please complete the lab exercise in Excel. The assignment questions can be completed by hand or in Word. You make work with one other individual (no more than two people per team). Hand in one hard copy of Lab 4 per team to the instructor AND upload your Excel file to Angel by the due date.

1. Consider you are putting together a quarterly cash flow budget at the start of January for the up-coming year (called a projected cash flow). On the following page is an incomplete cash flow budget.  With the following information, complete the cash flow budget by developing an Excel spreadsheet.  Use the Lab 4 Excel file provided on the Angel web site.

  Use the input data worksheet in your formula for those data items given in the input data worksheet.

  The year starts with a $0 operating loan balance.
 
  The operating loan is a revolving line of credit with a $300,000 maximum loan balance.

  The operating loan has a 9% annual interest rate.
 
  You want a minimum of $25,000 cash available at the beginning of each quarter.
 
At the end of each quarter, any cash available over and above $25,000 is used to pay off the outstanding operating loan. Whenever funds are used to pay interest and principal, all accrued interest is paid first with the remaining funds applied to the outstanding principal balance.
 
In calculating interest owed on the operating loan, assume the amount borrowed in each quarter was borrowed on the first day of the first month in the quarter.  Also assume that any principal and interest payment made on the operating loan is made on the last day of the last month in the quarter that the repayment is made.

2. Complete the Cash Flow spreadsheet using appropriate formulas.


Related Discussions:- Complete the cash flow spreadsheet

BUDGETING, In the context of the public sector, discuss incremental system...

In the context of the public sector, discuss incremental system of budgeting and evaluate their strengths and weaknesses

Breach of trust-trusts laws and accounts, BREACH OF TRUST Remedies avai...

BREACH OF TRUST Remedies available to beneficiary: Injunction, Personal action, Criminal liability. Defence of trusts: He may be relieved from liability if, in the opini

Users of accounting, How is Accounting information useful to A prospective ...

How is Accounting information useful to A prospective Investor?

Calculate interest rate forecasting, Assume that we are in December 2009 an...

Assume that we are in December 2009 and try to make forecasts of the five year interest rate at the end of January 2010. For this question , you just need to fill out the blank s

Government system of accounting in india, explain the procedure followed in...

explain the procedure followed in gpvernment system of accounting in india

Which statements is correct, In its first month in business, Jones, Inc. so...

In its first month in business, Jones, Inc. sold merchandise to customers on account for $119,800. It collected $72,000 on those sales during the first month and recorded Revenue f

Calculate the var, An investment has a 92% chance of making a profit of $10...

An investment has a 92% chance of making a profit of $10 million, a 1.5% chance of losing $4 million, a 3% of losing $6 million, and a 3.5% chance of losing $16 million. A)    W

Financial accounting regulation, Carminho Building Products Ltd (an Austral...

Carminho Building Products Ltd (an Australian company) is a client of Rodrigues Accounting (RA). Carminho Building Products Ltd (CBP) is involved in the development, manufacture a

Protection of trustee against claims, PROTECTION AGAINST CLAIMS The tru...

PROTECTION AGAINST CLAIMS The trustees may protect themselves against claims after discharge in the following ways:   1. As regards liability for rent and other obligations und

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd