Expert Answer :ACCOUNTING-Create a 12 month cash budget in Excel

Solved by verified expert :A. Create a 12 month cash budget in Excel using the following assumptions:• Initial sales of $5,000,000 with forecasted monthly growth of 1%.• 40% of each months sales for cash; 30% for the following month ; 20% collected 2 months later; 8% collected 3 months later, and 2% never collected.• Initial cash balance of 350,000.B. Add a spinner to your spreadsheet that will enable you to easily change the forecasted monthly sales growth to range from .5% to 1.5% in increments of .1%.C. Add a scroll bar to your spreadsheet that will let you modify the amount of the initial sales to vary from $4,000,000 to $6,000,000 in increments of $100,000.D. Design appropriate data entry and processing controls to ensure the spreadsheet accuracy.