cher Dental Clinic is a medium-sized dental service specializing in family dental care. The clinic is currently preparing the master mudget for the first 2 quarters of 2020. All that remains in this process is the cash budget. The following information has been collected rom 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 $2,400 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) $36,000 30,000 4.800 168,000 168,000 8,400 92,400 120.000 60,000 84,000 60.000 14,400 282.000 456,000 240

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Master Budget

A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making. 

Sales Budget and Selling

A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.