Maurice Tutor

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    Argosy University/ Phoniex University/
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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 30 Apr 2018 My Price 8.00

Lager Dental Clinic

E9-19 Lager Dental Clinic is a medium-sized dental service specializing in family dental care. The clinic is currently preparing the master budget for the first 2 quarters of 2014. 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)

7,000

Overhead costs:

 

1st quarter

75,000

2nd quarter

100,000

Selling and administrative costs, including

$2,000 depreciation:

 

 

1st quarter

50,000

2nd quarter

70,000

Purchase of equipment (2nd quarter)

50,000

Sale of equipment (1st quarter)

12,000

Collections from clients:

 

1st quarter

230,000

2nd quarter

380,000

Interest payments (2nd quarter)

400

 

 

 

 

 

 

Instructions

Prepare a cash budget for each of the first two quarters of 2014.

Answers

Maurice Tutor
(5)
Status NEW Posted 30 Apr 2018 09:04 PM My Price 8.00

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