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Alderman Health Center provides a variety of medical services. The company is preparing its canh budget for the upcoming third quarter. The following transactions are

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Alderman Health Center provides a variety of medical services. The company is preparing its canh budget for the upcoming third quarter. The following transactions are expected to occur Click the icon to view the expected transactions) Requirement Prepare a combined cash budget for Alderman Health Center for the third quarter, with a column for each month and for the quarter totul or at input field is not used in the table leave the input field empty, do not enter a zero Use parentheses or a minus sign for negative ending cash balances) Combined Cash Budget For the Months of July through September July Beginning balance of cath Plus Cash collections Total cash walte Cash payments oblock: Ending cash balance before financing hip...u Financing Pus: New borrowings Les Detay infoblok Lost payments hupa Ending can be Noble . Entry number in the sites and then click Check Answ ting Clear All blog Check Anne X 1 More Info derman Health expected to od i Click the a. Cash collections from services in July, August, and September, are projected to be $92,000, $155,000, and $128,000 Requirement respectively Prepare a como b. Cash payments for the upcoming third quarter are projected to be $143,000 in July, S105,000 in August, and $139,000 in the table leave September c. The cash balance as of the first day of the third quarter is projected to be $34,000. d. The health center has a policy that it must maintain a minimum cash balance of $26,000 The health center has a line of credit with the local bank that allows it to borrow funds in months that it would not otherwise have its minimum balance. If the company has more than its minimum balance at the end of any given month, it uses the Beginning ba excess funds to pay off any outstanding line of credit balance. Each month, Alderman Health Center pays interest on the prior month's line of credit ending balance. The actual interest rate that the health center will pay floats since it is tied to the prime Plus: Cash rate. However, the interest paid during the budget period is expected to be 1% of the prior month's line of credit ending Total cash balance (if the company did not have an outstanding balance at the end of the prior month, then the health center does not have to pay any interest). All line of credit borrowings are taken or paid off on the first day of the month. As of the first day of Less: Cash the third quarter, Alderman Health Center did not have a balance on its line of credit Ending cash Financing Print Done Plus New

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