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

Show the change in equity, A parent has had a controlling interest of 60% i...

A parent has had a controlling interest of 60% in its subsidiary for a number of years. Below are financial statement extracts of the two companies for the year ended 30 June 20

Journalizing, petra corporation purchased P4,000 worth of merchandise on ac...

petra corporation purchased P4,000 worth of merchandise on account terms 2/10, n?30, FOB shipping point. Prepaid transportation charges of P200 were added to the invoice.

Transactions affecting retained earnings, shown below in T-account format a...

shown below in T-account format are the changes affecting the retained earnings of Brenner-Jude Corporation during 2011. At January 1,2011, the corporation had outstanding 105 mill

Solutions, I see a question posted. I can I be sure the problem has been s...

I see a question posted. I can I be sure the problem has been solved. I tried calling your number but I got no answer

What are usaco''s options? explain, USAco is the wholly-owned U.S. subsidia...

USAco is the wholly-owned U.S. subsidiary of ASIAco, a Japanese parent corporation that manufactures automobiles and sells them to USAco for resale in the United States. ASIAco sel

Explain about material event, Q. Explain about Material event? Subseque...

Q. Explain about Material event? Subsequent Event - Material event which takes place after the end of accounting period and before the publication of an entity's FINANCIAL STAT

Analysis of potential arrangement with supplier, At current the working cap...

At current the working capital cycle is Receivables days $0.4m/$10m * 365 = 15 days Inventory days $0.7m/$8m * 365 = 32 days (cost of sales = $10m - $2m) Payables days $1.

Calculate the new interest rate and excel function pv, Continuing growth of...

Continuing growth of the company has required that we issue the company's corporate debt soon. As you know, in 6 months we plan to issue $10 million worth of 20-year corporate bond

Indian company, content of financial statement with refrence to indian comp...

content of financial statement with refrence to indian company

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