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madam [21]
3 years ago
10

Pletcher Dental Clinic is a medium-sized dental service specializing in family dental care. The clinic is currently preparing th

e 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.

Business
1 answer:
ioda3 years ago
7 0

Answer:

The closing cash balance in this question is $47,030. Which is over the minimum cash requirement the business hopes to have.

Explanation:

In preparing a cash budget, focus should be given to both real cash creating revenues/ income and cash creating expenses or acquisitions.

If there is no cash implication in the specified transaction it should be ignored. For example depreciation, or a transaction for which payment or receipt of cash occurs outside the budget period.

The closing cash balance in this question is $47,030. Which is over the minimum cash requirement the business hopes to have.

The breakdown of the budget is detailed in the attached file.

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Answer:

4. U.S. Department of Agriculture

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The U.S. Department of Agriculture, one of the most powerful executive departments in the United States, has as one of its functions the responsability to ensure food safety.

For this goal, it has one subdivision: the Food Safety and Inspection Service, which has over 9,000 employees across the U.S.

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3 years ago
According to the goldman sachs video case study on the factory of the future, which one of the following developments was not de
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Daniela Costa, head of the European Capital Goods Equity Research team in Goldman Sachs Research, outlines three key drivers of this development, which could provide more than $500 billion in combined savings for manufacturers and customers.

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3 0
1 year ago
Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company
Monica [59]

Answer:

$91

Explanation:

Given the following information,

Direct materials per unit = $54

Direct labor per unit = $20

Variable overhead per unit = $6

Fixed overhead for the year = $462,000

For Absorption costing method, it includes all costs associated with production, including fixed and variable cost. The unit product cost is calculated using direct material, direct labor and total unitary manufacturing overhead.

Unitary cost = (Fixed overhead for the year / Units produced) + Direct materials per unit + Direct labor per unit + Variable overhead per unit

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The people and/or organizations that may be receptive to a sales pitch.--

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8 0
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