Business, 17.04.2020 04:20 itzia00

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 $39,270 Required minimum cash balance 32,725 Payment of income taxes (2nd quarter) 5,236 Professional salaries: 1st quarter 183,260 2nd quarter 183,260 Interest from investments (2nd quarter) 9,163 Overhead costs: 1st quarter 100,793 2nd quarter 130,900 Selling and administrative costs, including $2,618 depreciation: 1st quarter 65,450 2nd quarter 91,630 Purchase of equipment (2nd quarter) 65,450 Sale of equipment (1st quarter) 15,708 Collections from clients: 1st quarter 307,615 2nd quarter 497,420 Interest payments (2nd quarter) 262 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...