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

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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.

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Find selling and administrative costs

Reference no: EM13510132

Reference no: EM13510132

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