Financial acct

preent

I have to take this information and make a cash budget with quarter ending March 20X1.


Givens
Revenues and expenses

	Patient			Estimated patient
	revenues, 20X0			revenues, 20X1
Given 1	October	$3,000,000	Given 2	January	$3,400,000
	November	$3,200,000		February	$3,600,000
	December	$3,400,000		March	$3,800,000

	Other			Estimated cash
	revenues, 20X1			outflows, 20X1 ^a
Given 3	January	$88,000	Given 4	January	$2,000,000
	February	$110,000		February	$2,200,000
	March	$100,000		March	$2,400,000
				April	$2,000,000
	Receipt of payment
	for Patient Revenues and Services			Ending cash balances
Given 5	Current month of service	60%	Given 6	December 20X0	$800,000
	1st month of prior service	30%
	2nd month of prior service	10%		^b	40%
	3rd+ months of prior service	0%

^a"Cash Outflows" for the current month.
^b The ending balance for each month as a percentage of the estimated cash outflows for the next month.

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