Prepare a cash budget for each of first two quarters of 2012

beplay体育怎么安装Managerial Accounting
参考号:EM13534401

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 2012. 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

第二季度

140,000

Interest from investments (2nd quarter)

5,000

间接费用:


1st quarter

75,000

第二季度

100,000

Selling and administrative costs, including


$3,000 depreciation:


1st quarter

50,000

第二季度

70,000

Purchase of equipment (2nd quarter)

50,000

Sale of equipment (1st quarter)

15,000

Collections from clients:


1st quarter

230,000

第二季度

380,000

Interest payments (2nd quarter)

300

Instructions

Prepare a cash budget for each of the first two quarters of 2012.

参考号:EM13534401

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