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N76 [4]
3 years ago
15

Fayette Medical Clinic has budgeted the following cash flows:

Business
2 answers:
trapecia [35]3 years ago
4 0

Answer:

Cash budget

Particulars                  January      February          March

Beginning Balance  $ 16,000  $ 11,200  $ 10,000

Cash Receipts         $ 240,000  $ 232,000  $ 272,000

Cash for disbursements(y) $ 256,000  $ 243,200  $ 282,000

Less: Cash payments    

Inventories                     $ 220,000  $ 164,000  $ 190,000

S & A expenses             $ 62,000      $ 64,000  $ 54,000

Interest on line of credit   $ 800           $ 800          $ 800

Total disbursements (z)   $ 282,800  $ 228,800  $ 244,800

Excess/Deficiency x=y-z  $ (26,800)  $ 14,400  $ 37,200

Min. cash required            $ 10,000  $ 10,000  $ 10,000

Total cash needed    $ 36,800  $ (4,400)  $ (27,200)

Financing                    $ 38,000  $ -                    $ -

Interest at 1% per month                $ 380           $ 340

Balance cash before repayment  $ 14,020  $ 36,860

Repayment                           $ 4,020  $ 26,860

Ending Balance  $ 11,200  $ 10,000  $ 10,000

vodomira [7]3 years ago
4 0

Answer:

January $11,200

February $10,000

March $10,000

Explanation

CASH BUDGET FOR JANUARY

Beginning cash balanc$16,000

Add: Cash receipts 240,000

Cash available 256,000

Less: Cash payments

For inventory purchases220,000

For S&A expenses 62,000

Interest expense per month 800

Total budgeted payment 282,800

Payments minus receipts

Surplus (shortage) (26,800)

Financing Activity

Borrowing (repayment) 38000

Ending cash balance 11200

CASH BUDGET FOR FEBRUARY

Beginning cash balanc$11,200

Add: Cash receipts 232,000

Cash available 243,200

Less: Cash payments

For inventory purchases 164,000

For S&A expenses 64,000

Interest expense per month 1180

Total budgeted payment 229,180

Payments minus receipts

Surplus (shortage) 14,020

Financing Activity

Borrowing (repayment) (4,020)

Ending cash balance 10,000

CASH BUDGET FOR MARCH

Beginning cash balance $10,000

Add: Cash receipts 272,000

Cash available 282,000

Less: Cash payments

For inventory purchases 190,000

For S&A expenses 54,000

Interest expense per month 1,140

Total budgeted payment 245,140

Payments minus receipts

Surplus (shortage) 36,860

Financing Activity

Borrowing (repayment) (26,850)

Ending cash balance 10,000

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My mom actually has her accountant degree but she quit after a few years and got a different degree. any ways here you go!

An accountant can advise on business structure.

An accountant can issue invoices.

An accountant can record sales.

An accountant can manage and pay invoices from suppliers.

An accountant can manage payroll.

An accountant can keep you up to date with tax laws and changes.

7 0
3 years ago
makes and sells tasty burritos for $8 per unit with a unit variable cost of $6. All sales are for cash and the variable costs ar
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Answer:

$36,160

Explanation:

expected cash flow for March

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without depreciation                        

ending cash balance          $30,320

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covered by bank loan

6 0
3 years ago
Healthy Snacks has a target capital structure of 60 percent common stock, 3 percent preferred stock, and 37 percent debt. Its co
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Answer:

WACC = 12.45%

Explanation:

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WACC is the weighted average of the costs of the company, so it is necessary to multiply the weight of each source of capital (equity, preferred equity and debt) for its corresponding cost. Debt has a partiuclarity and is that it is before taxes so it becomes a tax shield for the company and taxes in fact reduce the cost of debt, for that reason we also multiply the cost of debt by  (1 - T)

5 0
3 years ago
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Answer:

The average fixed cost is $2.4.

Explanation:

Vipsana's Gyros House sells gyros.

The cost of ingredients​ to make a gyro is​ $2.00.  

Vipsana pays her employees​ $60 per day.  

She also incurs a fixed cost of​ $120 per day.

The cost incurred on ingredients and workers is a variable cost.  

The total fixed is thus $120.  

The average fixed cost for 50 gyros

= \frac{TFC}{Q}

= \frac{120}{50}

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3 years ago
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ololo11 [35]

Answer:

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