Business, 21.04.2020 23:56 dpazmembreno

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 2017. 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 $38,340 Required minimum cash balance 31,950 Payment of income taxes (2nd quarter) 5,112 Professional salaries: 1st quarter 178,920 2nd quarter 178,920 Interest from investments (2nd quarter) 8,946 Overhead costs: 1st quarter 98,406 2nd quarter 127,800 Selling and administrative costs, including $2,556 depreciation: 1st quarter 63,900 2nd quarter 89,460 Purchase of equipment (2nd quarter) 63,900 Sale of equipment (1st quarter) 15,336 Collections from clients: 1st quarter 300,330 2nd quarter 485,640 Interest payments (2nd quarter) 256 Prepare a cash budget for each of the first two quarters of 2017.

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Pletcher Dental Clinic is a medium-sized dental service specializing in family dental care. The clin...

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