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= Homework: Ch 9 HW Question 9, E9-32A (simil HW Score: 54.08% 5.41 of 10 points Part 1 of 4 O Points: 0 of 1 Save Anderson Health Center provides a variety of medical services. The company is preparing its cash 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 Anderson Health Center for the third quarter with a court for each month and for the quarter totalt an input fer la not uned in the tablo love the fhold emply do not enter a zero. Un parentheses or a minus sign for negative ending cash balance Combined Cash Budget For the Months of July through September July Beginning balance of cash Plus Cash coloctions Total cash available Loss Cash payments Ending cash balance before financing Financing Plus New bonwings Low Debt repayments Los interest payments Ending cash balance Help Me Solve This Video Get More Help Clear All Check Answer o o 621F Cloudy 50 102 pecie transactions.) yaliouons are expec budget for Anderson Health Center for the third quarter, with a column for each month and for the quarter total. (If an input field is not used in the fab a zero. Use parentheses or a minus sign for negative ending cash balances.) More Info - X a. Cash collections from services in July, August, and September, are projected to be $93.000, S150,000, and S122,000 respectively b. Cash payments for the upcoming third quarter are projected to be $142,000 in July, $107.000 in August, and $138.000 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 fine 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. Anderson Health Center pays interest on the prior month's line of credit ending balance. The actual irferest 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 2% 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 aro 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, Anderson Health Conter did not have a balance on its line of credit Che Print Done 62"F Cloudy >