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TRIAL QUESTION The following data relate to Queen Elizerbeth clinic for the period June, 2017 Consultation GH200, 000.00 Investigations GHc145,000.00 Sale of medicine GHC265,000.00 Consultancy fees GHc120,000.00- Office Consumables GHc65,000.00 Non drug consumable GHc 185,000 Bank Charges GHc30.000.00 Wages of casuals GHC300,000.00 Maintenance of building GHc130,000.00 Utilities GHc200,000.00 Printing and stationery GH120,000.00. Revenue Exp The closing balance of cash at the end of the second quarter was estimated to be GHC 145,000.00 It is expected that these revenues will grow by 20% at the beginning of the third quarter, drop by 5% in the following month and increase by 10% in the ensuing month. Expenditure will remain stable at the beginning of the quarter, drop by 10% in the following month and by 5% in the month ending the quarter. Based on the above presumptions, you are a required to prepare a cash budget for the third quarter of 2017.
Sagot :
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