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

Calculate infant mortality rate, Q. Calculate infant mortality rate? Mid...

Q. Calculate infant mortality rate? Mid year population 440000 Late fatal death          29 No. of live birth           5200 No. of infant death      423 No. of mate

The functional currency method-foreing branches, The functional currency me...

The functional currency method (formerly temporal method) Under this method, the branch is considered to be an extension of the head office and this is reflected by the trading

Simple balance sheet statement, Current analysis You will need about $1...

Current analysis You will need about $150,000 in start-up costs but you can only borrow half of that amount from your family's home equity (at 13% interest). You will have to b

Completed executions-bankruptcy, Completed executions A judgement credi...

Completed executions A judgement creditor cannot retain the "benefit" of an execution or attachment, unless he has completed it- Before the date of the receiving order,

The notes to the accounts-financial statement, THE NOTES TO THE ACCOUNTS ...

THE NOTES TO THE ACCOUNTS The notes to the accounts provide additional information on the a/c policies that the company has adopted the make-up of some of the items appearing on

A realized gross profit, On December 15, 2011 Risby Sales Co. sold a track ...

On December 15, 2011 Risby Sales Co. sold a track of land that cost $3,600,000 for $4,500,000. Rigsby appropriately uses the installment sale method of accounting for this transact

Calculate present value-current yield-interest rates bonds, Present Value o...

Present Value of a Bond 1. Assume that you wish to purchase a 20 year bond that has a maturity value of $1,000 and makes semiannual interest payments of $40.  If you require a

What is the total risk and total return, Financials Investments, a group of...

Financials Investments, a group of financial advisors and retirement planners, has been requested to provide advice on how to invest $200,000 for one of its clients. The client has

Determine the yield to maturity of the bond, The current market price of a ...

The current market price of a Leigh bond is $1,297.6. If the coupon rate is 10% and the par value is equal to $1,000, what is the yield to maturity of the bond if it matures in 10

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