Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 10 Dec 2017 My Price 8.00

Deitz Dental Clinic

E9-19 Deitz Dental Clinic is a medium-sized dental service specializing in family  den- tal care. The clinic is currently preparing the master budget for the first 2 quarters of 2011. All that remains in this process is the cash budget. The following information has been collected from other portions of the master budget and elsewhere.

 

Beginning cash balance

$ 30,000

Required minimum cash  balance

25,000

Payment of income taxes (2nd  quarter)

4,000

Professional salaries:

 

1st quarter

140,000

2nd quarter

140,000

Interest from investments (2nd quarter)

5,000

Overhead costs:

 

1st quarter

75,000

2nd quarter

100,000

Selling and administrative costs, including

$3,000 depreciation:

 

1st quarter

50,000

2nd quarter

70,000

Purchase of equipment (2nd  quarter)

50,000

Sale of equipment (1st  quarter)

15,000

Collections  from clients:

 

1st quarter

230,000

2nd quarter

380,000

Interest payments (2nd quarter)

300

Instructions

Prepare a cash budget for each of the first two quarters of 2011.

 

 

 

Answers

Maurice Tutor
(5)
Status NEW Posted 10 Dec 2017 07:12 PM My Price 8.00

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