Problem
1) Create a 12-month cash flow budget in Excel using the following assumptions:
a) Initial sales of $5 million, with forecasted monthly growth of 1%
b) 40% of each month's sales for cash; 30% collected the following month; 20% collected 2 months later; 8% collected 3 months later; and 2% never collected
c) Initial cash balance of $350,000
2) Add a "spinner" to your spreadsheet that will enable you to easily change forecasted monthly sales growth to range from 0.5% to 1.5% in increments of 0.1%.
3) Add a scroll bar to your spreadsheet that will let you modify the amount of initial sales to vary from $4 million to $6 million in increments of $100,000.
4) Design appropriate data entry and processing controls to ensure spreadsheet accuracy.
The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.