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Wahoo Clinic provided you with the following information. Prepare a cash budget for the quarter ending December 2010 and for the months October through December
Wahoo Clinic provided you with the following information. Prepare a cash budget for the quarter ending December 2010 and for the months October through December 2010. a. Revenues:
Actual Patient Revenues 2010 Jul. $1,400,000 Aug. $1,500,000 Sept. $1,300,000
Projected Patient Revenues 2010 Oct. $1,500,000 Nov. $1,600,000 Dec. $1,700,000
Projected Patient Revenues 2011 Jan. $1,700,000 Feb. $1,300,000 Mar. $1,200,000
b. Patient Revenues are collected as follows: 60% month of service 30% 1 month after service 10% 2 months after service
c.
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