Solution-Find selling and administrative costs

Find selling and administrative costs

Reference no: EM13510132

Lager 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 2012. 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	$ 33,930
	Required minimum cash balance	28,275
	Payment of income taxes (2nd quarter)	4,524
	Professional salaries:
	1st quarter	158,340
	2nd quarter	158,340
	Interest from investments (2nd quarter)	5,655
	Overhead costs:
	1st quarter	84,825
	2nd quarter	113,100
	Selling and administrative costs, including
	$3,393 depreciation:
	1st quarter	56,550
	2nd quarter	79,170
	Purchase of equipment (2nd quarter)	56,550
	Sale of equipment (1st quarter)	16,965
	Collections from clients:
	1st quarter	260,130
	2nd quarter	429,780
	Interest payments (2nd quarter) Prepare a cash budget for each of the first two quarters of 2012. (List multiple entries from largest to smallest amounts, e.g. 10, 5, 1 for January. If answer is zero please enter 0, do not leave any fields blank.) My question is how do you find the borrowings and repayments.	339

Reference no: EM13510132

Questions Cloud

Determine the distance between the two aircraft : An air-traffic controller observes two aircraft on his radar screen. The first is at altitude 800 m, horizontal distance 19.4 km, and 22.5° south of west. What is the distance between the two aircraft

Would net income have been overstated or understate : Compute the amount of net income using (a) the preliminary (unadjusted) numbers, and (b) the final (adjusted) numbers. Has the adjusting entries not been recorded, Would net income have been overstated or understate, and be what amount?

How far is the boy from the dock : A boy of mass 58.1 kg is about to disembark from a canoe of mass 36.3 kg, How far is the boy from the dock when he reaches the bow

Calculate the taxable income and tax payable : CALCULATE the TAXABLE INCOME and TAX PAYABLE of John for the year ended 30 June 2014.

Find selling and administrative costs : Lager 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 2012.

What is the maximum speed attained by the remaining block : A block of mass 5 kg hangs on a spring. When a second block with an identical mass of 5 kg is tied to the first, the spring stretches an additional ho = 1.5 m. What is the maximum speed attained by the remaining block

Political orientations of the urban poor : Discuss the political orientations of the urban poor. What does survey research tell us about the way that the urban poor look at their present circumstances and their views on prospects of improving them?

What is the unit product cost for the month under absorption : Maga Company, which has only one product, has provided the following data concerning its most recent month of operations.

Determine the unstretched length of the spring : An apple weighs 1.01 . When you hang it from the end of a long spring of force constant 1.56 and negligible mass, it bounces up and down in SHM, What is the unstretched length of the spring

User Account

All Pages

Find selling and administrative costs

Reference no: EM13510132

Reference no: EM13510132

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT