(Click the icon to view the expected transactions.) Requirement Prepare a combined cash budget for Monette Health Center for the third q enter a zero. Use parentheses or a minus sign for negative ending cash ba Monette Health Center Combined Cash Budget For the Months of July through Septembe July Beginning balance of cash Plus: Cash collections Total cash available Loss: Cash payments Ending cash balance before financing Financing Enter any number in the edit fields and then click Check Answer Help Me Solve This Video Get More Help Type here to search o Esc 2 # 2 3 Monette Health Center provides a variety of medical services. The company is prer (Click the icon to view the expected transactions.) Requirement Prepare a combined cash budget for Monette Health Center for the third quarter, with enter a zero. Use parentheses or a minus sign for negative ending cash balances.) Beginning balance of cash Plus: Cash collections Total cash available Less: Cash payments Ending cash balance before financing Financing Plus: New borrowings Less: Debt repayments Less: Interest payments Ending cash balance Enter any number in the edit fields and then click Check Answer. Help Me Solve This Video Get More Help Type here to search BI Est F F2 FE @ # Part 1 of 4 Question 9 > Score: 0 of 1 point lore Info - X a. Cash collections from services in July, August, and September, are projected to be $96,000, $155,000, and $120,000 respectively b. Cash payments for the upcoming third quarter are projected to be $140,000 in July, $105,000 in August, and $136,000 in September c. The cash balance as of the first day of the third quarter is projected to be $32,000. d. The health center has a policy that it must maintain a minimum cash balance of $24,000. 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 excess funds to pay off any outstanding line of credit balance. Each month, Monette 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 rate. However, the interest paid during the budget period is expected to be 1% of the prior month's line of credit ending 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 by the end of the month (when the the cash balance has not met its minimum balance), or paid off by the end of the month (when the cash balance is sufficient). As of the first day of the third quarter, Monette Health Center did not have a balance on its line of credit Print Done Clear All Get More Help 73F 10 Monette Health Center provides a variety of medical services. The company is preparing its cath budget for the upcoming Third quarter. The following transactions are expect Click the icon to view the expected transactions Requirement Prepare a combined cash budget for Monette Health Center for the third quarter, with a column for each month and for the quarter total, (if an input field is not ined in the table onlera zero. Un parenteses or a minus sign for negative ending cash talanes.) Boginning balance of Cash Plus Cash collections Total cash available Loss Cash payments Ending cash balance before financing Financing Plus: New borrowings Les Debt repayments Lo Interest payments Ending cash balance Enter any number in the edit fields and then click Check Answer Clear All Video Help Me Solve This Get More Help 7397 O TE E 31 Type here to search 8 3
