Answered

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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.
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