Pletcher Dental Clinic Is A Medium Sized Dental Service Specializing In Family Dental Care The Clinic Is Currently Prep 1 (36.28 KiB) Viewed 18 times
Pletcher Dental Clinic Is A Medium Sized Dental Service Specializing In Family Dental Care The Clinic Is Currently Prep 2 (31.08 KiB) Viewed 18 times
Pletcher Dental Clinic Is A Medium Sized Dental Service Specializing In Family Dental Care The Clinic Is Currently Prep 3 (29.97 KiB) Viewed 18 times
Pletcher 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 2020. 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 Required minimum cash balance Payment of income taxes (2nd quarter) Professional salaries: 1st quarter 2nd quarter Interest from investments (2nd quarter) Overhead costs: 1st quarter 2nd quarter Selling and administrative costs, including $2,460 depreciation: 1st quarter 2nd quarter Purchase of equipment (2nd quarter) Sale of equipment (1st quarter) Collections from clients: 1st quarter 2nd quarter Interest payments (2nd quarter) $36,900 30,750 4,920 172,200 172.200 8,610 94,710 123,000 61.500 86,100 61,500 14,760 289,050 467,400 246 Prepare a cash budget for each of the first two quarters of 2020.
Beginning Cash Balance Add: Receipts Collections from Clients Sale of Equipment Investment Interest Total Receipts Total Cash Available Less: Disbursements Professional Salaries Payment of Income Taxes Selling and Administrative Costs Equipment Purchase Overhead Costs Total Disbursements Excess (Deficiency) of Cash Available Over Cash Disbursements Financing Add Borrowings Less Repayments LETCHER DENTA Cash Budge For the Two Quarters Ending Jum Ending Cash Balance
$ 1st Quarter 36900 289050 14760 340710 172200 59040 94710 $ 2nd Quarter 30750 467400 8610 0 506760 172200 i 4920 83640 i 61500 i 123000 Ug
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