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    Instructions

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    mohitgaba19
    The document provides information needed to prepare a cash budget for the first two quarters of 2011 for E9-19 Deitz Dental Clinic. It includes beginning cash balances, expected receipts from clients, equipment sales and interest, as well as planned expenses for salaries, overhead, selling and administrative costs including depreciation, equipment purchases, income tax payments. The assistant is to use this information to prepare separate cash budgets for the first and second quarters of 2011.

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    Instructions

    Uploaded by

    mohitgaba19
    21 views3 pages
    The document provides information needed to prepare a cash budget for the first two quarters of 2011 for E9-19 Deitz Dental Clinic. It includes beginning cash balances, expected receipts from clients, equipment sales and interest, as well as planned expenses for salaries, overhead, selling and administrative costs including depreciation, equipment purchases, income tax payments. The assistant is to use this information to prepare separate cash budgets for the first and second quarters of 2011.

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    1313681

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    The document provides information needed to prepare a cash budget for the first two quarters of 2011 for E9-19 Deitz Dental Clinic. It includes beginning cash balances, expected receipts from clients, equipment sales and interest, as well as planned expenses for salaries, overhead, selling and administrative costs including depreciation, equipment purchases, income tax payments. The assistant is to use this information to prepare separate cash budgets for the first and second quarters of 2011.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    21 views3 pages

    Instructions

    Uploaded by

    mohitgaba19
    The document provides information needed to prepare a cash budget for the first two quarters of 2011 for E9-19 Deitz Dental Clinic. It includes beginning cash balances, expected receipts from clients, equipment sales and interest, as well as planned expenses for salaries, overhead, selling and administrative costs including depreciation, equipment purchases, income tax payments. The assistant is to use this information to prepare separate cash budgets for the first and second quarters of 2011.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 3

    E9-19 Deitz Dental Clinic is a medium-sized dental service specializing in family  den- tal care.

    The clinic is currently prepar


    master budget for the first 2 quarters of 2011. All that remains in this process is the cash budget. The following informatio
    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
    $3,000 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)
    Instructions
    Prepare a cash budget for each of the first two quarters of 2011.
    $ 30,000 CASH BUDGET
    25,000 1st Quarter
    4,000 Beginning Cash Balance $ 30,000
    add: Receipts
    140,000 Collection from clients $ 230,000
    140,000 Sale of Equipment $ 15,000
    5,000 Interest on Investments $ -
    Total Receipts $ 245,000
    75,000
    100,000 Total Cash available $ 275,000

    less: payments
    Professional salaries $ 140,000
    50,000 Overhead costs $ 75,000
    70,000 Selling and administrative Costs $ 47,000
    50,000 Purchase of Equipment $ -
    15,000 Payment of Income taxes $ -
    Total Payments $ 262,000
    230,000
    380,000 Excess/Deficiency $ 13,000
    300
    Borrowings $ 12,000
    Repayments $ -
    ($ 12,000 principal add $ 300 interest)
    Ending Cash Balance $ 25,000
    2nd Quarter
    $ 25,000

    $ 380,000
    $ -
    $ 5,000
    $ 385,000

    $ 410,000

    $ 140,000
    $ 100,000
    $ 67,000
    $ 50,000
    $ 4,000
    $ 361,000

    $ 49,000

    $ -
    $ 12,300

    $ 36,700

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