A private medical centre in Florida has been operating on the basis of 2 000 patients per month. The centre has been reorganised to accommodate 3 000 patients per mori The centre charges R30 per patient and incurs direct expenses per patient as follows: Food and provisions Monthly administration overheads costs are Staffing Administration Other expenses 2 000 patients R4 000 R2 000 R4 000 Both rent and depreciation are allocated to the accounts in equal monthly instalments. The centre policy is that patients are invoiced at the end of each month and receipts are collected as follows: . 40% by the end of the 1st month after invoice 50% by the end of the 2nd month after invoice 10% by the end of the 3rd month after invoice At the end of November 2004 there was a bank balance of R19 000. Prepare a cash budget for December 20X4 and January 20X5, clearly showing receipts and payments. R8.00 R6.00 R4.00 At a level of: Staff salaries are paid at the end of each month. Food and provisions are received evenly throughout the month and are paid for at the end of the following month. Sundries are delivered in the month before the month of u are paid for at the end of the month of use. Other expenses are paid for at the end of the month in which they are incurred, except for the following items: . Rento R45 000 per year paid in two equal instalments on 30 June and 31 December. Depreciation amounts to R24 000 annually 3 000 patients R5 000 R3 000 R4 000
A private medical centre in Florida has been operating on the basis of 2 000 patients per month. The centre has been reorganised to accommodate 3 000 patients per mori The centre charges R30 per patient and incurs direct expenses per patient as follows: Food and provisions Monthly administration overheads costs are Staffing Administration Other expenses 2 000 patients R4 000 R2 000 R4 000 Both rent and depreciation are allocated to the accounts in equal monthly instalments. The centre policy is that patients are invoiced at the end of each month and receipts are collected as follows: . 40% by the end of the 1st month after invoice 50% by the end of the 2nd month after invoice 10% by the end of the 3rd month after invoice At the end of November 2004 there was a bank balance of R19 000. Prepare a cash budget for December 20X4 and January 20X5, clearly showing receipts and payments. R8.00 R6.00 R4.00 At a level of: Staff salaries are paid at the end of each month. Food and provisions are received evenly throughout the month and are paid for at the end of the following month. Sundries are delivered in the month before the month of u are paid for at the end of the month of use. Other expenses are paid for at the end of the month in which they are incurred, except for the following items: . Rento R45 000 per year paid in two equal instalments on 30 June and 31 December. Depreciation amounts to R24 000 annually 3 000 patients R5 000 R3 000 R4 000
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:prepare a cash budget for deceni
A private medical centre in Florida has been operating on the basis of 2 000 patients per month. The centre has been reorganised to accommodate 3 000 patients per month as from 1 December 20X4.
The centre charges R30 per patient and incurs direct expenses per patient as follows:
Staff salaries (nursing)
Food and provisions
Sundries
Monthly administration overheads costs are:
Staffing
Administration
Other expenses
Rent is R48 000 per year paid in two equal instalments on 30 June and 31 December.
. Depreciation amounts to R24 000 annually.
2 000 patients
R4 000
R2 000
R4 000
Both rent and depreciation are allocated to the accounts in equal monthly instalments.
The centre policy is that patients are invoiced at the end of each month and receipts are collected as follows:
.
40% by the end of the 1st month after invoice
.
50% by the end of the 2nd month after invoice
. 10% by the end of the 3rd month after invoice
At the end of November 20X4 there was a bank balance of R19 000.
Prepare a cash budget for December 20X4 and January 20X5, clearly showing receipts and payments.
R8.00
R6.00
R4.00
At a level of:
Staff salaries are paid at the end of each month. Food and provisions are received evenly throughout the month and are paid for at the end of the following month. Sundries are delivered in the month before the month of use
are paid for at the end of the month of use. Other expenses are paid for at the end of the month in which they are incurred, except for the following items:
3 000 patients
R5 000
R3 000
R4 000
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