Managerial Accounting: Tools for Business Decision Making
7th Edition
ISBN: 9781118334331
Author: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Publisher: WILEY
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Chapter 9, Problem 9.19E
Pletcher Denial Clinic is a medium-sized dental service specializing in family denial care. The clinic is currently preparing the
| Beginning cash balance | $ 30,000 |
| Required minimum cash balance | 25,000 |
| Payment of income taxes (2nd quarter) Professional salaries: | 4,000 |
| 1st quarter | 140,000 |
| 2nd quarter | 140,000 |
| Interest from investments (2nd quarter) | 7,000 |
| 1st quarter | 77,000 |
| 2nd quarter | 100,000 |
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Students have asked these similar questions
Pletcher 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 2020. 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
Required minimum cash balance
Payment of income taxes (2nd quarter)
Professional salaries
1st quarter
2nd quarter
Interest from investments (2nd quarter)
Overhead costs
1st quarter
2nd quarter
Selling and administrative costs, including
$2.220 depreciation
1st quarter
2nd quarter
Purchase of equipment (2nd quarter)
Sale of equipment (1st quarter)
Collections from clients
1st quarter
2nd quarter
Interest payments (2nd quarter)
$33,300
27.750
4,440
155,400
155,400
7,770
85,470
111,000
55,500
77,700
55.500
13.320
260,850
421,800
222
Prepare a cash budget for each of the first two quarters of 2020.
PLETCHER DENTAL CLINIC
Cash Budget
1…
1. Donnegal 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 2010. 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
Required minimum cash balance
Payment of income taxes (2nd quarter)
$ 30,000
25,000
4,000
Professional salaries:
1st quarter
2nd quarter
Interest from investments (2nd quarter)
Overhead costs:
140,000
140,000
5,000
1st quarter
2nd quarter
Selling and administrative costs, including
$3,000 depreciation:
1st quarter
2nd quarter
Purchase of equipment (2nd quarter)
Sale of equipment (1st quarter)
75,000
100,000
50,000
70,000
50,000
15,000
Collections from clients:
1st quarter
2nd quarter
Interest payments (2nd quarter)
230,000
380,000
300
Instructions
Prepare a cash budget for each of the first two quarters of 2010.
2. In the month of…
The Puyer Corporation makes and sells only one product called a Deb. The company is in the process of preparing its Selling and Administrative Expense Budget for next year. The following budget data are
available:
Sales commissions
Shipping
Advertising
Executive salaries.
Depreciation on office equipment
Other
Multiple Choice
Đľ
All of these expenses (except depreciation) are paid in cash in the month they are incurred.
If the budgeted cash disbursements for selling and administrative expenses for April total $195,500, then how many Debs does the company plan to sell in April?
14,400 units
8,000 units
10,200 units
Monthly
Fixed Cost
18,200 units
$ 50,000
$ 60,000
$ 20,000
$ 40,000
Variable Cost Per
Deb Sold
$0.90
$ 1.40
$ 0.20
Chapter 9 Solutions
Managerial Accounting: Tools for Business Decision Making
Ch. 9 - Prob. 1QCh. 9 - Prob. 2QCh. 9 - Prob. 3QCh. 9 - (a) Accounting plays a relatively unimportant role...Ch. 9 - What criteria are helpful in determining the...Ch. 9 - Lori Wilkins maintains that the only difference...Ch. 9 - Prob. 7QCh. 9 - What is budgetary slack? What incentive do...Ch. 9 - Prob. 9QCh. 9 - What budget is the starting point in preparing the...
Ch. 9 - The production budget shows both unit production...Ch. 9 - Alou Company has 20,000 beginning finished goods...Ch. 9 - In preparing the direct materials budget for Quan...Ch. 9 - The production budget of Justus Company calls for...Ch. 9 - Ortiz Companys manufacturing overhead budget shows...Ch. 9 - Everly Companys variable selling and...Ch. 9 - For Goody Company, the budgeted cost for one unit...Ch. 9 - Indicate the supporting schedules used in...Ch. 9 - Identify the three sections of a cash budget. What...Ch. 9 - Noterman Company has credit sales of 600,000 in...Ch. 9 - Prob. 21QCh. 9 - Prob. 22QCh. 9 - Maris Company uses the following budgets: balance...Ch. 9 - Paige Company estimates that unit sales will be...Ch. 9 - Sales budget data for Paige Company are given in...Ch. 9 - Perine Company has 2,000 pounds of raw materials...Ch. 9 - For Gundy Company, units to be produced are 5,000...Ch. 9 - For Roche Inc., variable manufacturing overhead...Ch. 9 - Elbert Company classifies its selling and...Ch. 9 - North Company has completed all of its operating...Ch. 9 - Kaspar Industries expects credit sales for...Ch. 9 - Moore Wholesalers is preparing its merchandise...Ch. 9 - Use this list of terms to complete the sentences...Ch. 9 - Pargo Company is preparing its master budget for...Ch. 9 - Pargo Company is preparing its budgeted income...Ch. 9 - Batista Company management wants to maintain a...Ch. 9 - Zeller Company estimates that 2017 sales will be...Ch. 9 - Trusler Company has always done some planning for...Ch. 9 - Edington Electronics Inc. produces and sells two...Ch. 9 - Thome and Crede, CPAs, are preparing their service...Ch. 9 - Turney Company produces and sells automobile...Ch. 9 - DeWitt Industries has adopted the following...Ch. 9 - On January 1, 2017, the Hardin Company budget...Ch. 9 - Rensing Ltd. estimates sales for the second...Ch. 9 - Fuqua Companys sales budget projects unit sales of...Ch. 9 - Rodriguez, Inc., is preparing its direct labor...Ch. 9 - Lowell Company makes and sells artistic frames for...Ch. 9 - Atlanta Company is preparing its manufacturing...Ch. 9 - Kirkland Company combines its operating expenses...Ch. 9 - Fultz Company has accumulated the following budget...Ch. 9 - Danner Company expects to have a cash balance of...Ch. 9 - Deitz Corporation is projecting a cash balance of...Ch. 9 - The controller of Trenshaw Company wants to...Ch. 9 - Nieto Companys budgeted sales and direct materials...Ch. 9 - Green Landscaping Inc. is preparing its budget for...Ch. 9 - Pletcher Denial Clinic is a medium-sized dental...Ch. 9 - In May 2017, the budget committee of Grand Stores...Ch. 9 - Emeric and Ellies Painting Service estimates that...Ch. 9 - PROBLEMS: SET A Cook Farm Supply Company...Ch. 9 - Deleon Inc. is preparing its annual budgets for...Ch. 9 - Hill Industries had sales in 2016 of 6,800,000 and...Ch. 9 - Colter Company prepares monthly cash budgets....Ch. 9 - The budget committee of Suppar Company collects...Ch. 9 - Prob. 9.6APCh. 9 - CURRENT DESIGNS Diane Buswell is preparing the...Ch. 9 - MANAGEMENT DECISION-MAKING Decision-Making Across...Ch. 9 - Elliot Hesse Inc. manufactures ergonomic devices...Ch. 9 - Real-World Focus Information regarding many...Ch. 9 - Prob. 9.4BYPCh. 9 - Broadening Your Ethics Case BYP9-5 You are an...Ch. 9 - All About You In order to get your personal...Ch. 9 - Prob. 9.7BYP
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