Budget Proposal Memo
Berline90
HC306-U3A1-balancesheet.docxUnit 3 Assignment 1: Budget Proposal Memo – Balance Sheet
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ASSETS |
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2016 |
2017 |
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Current Assets: |
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Cash and cash equivalents |
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$125,000 |
$200000 |
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Short-term investments |
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$575 |
$600 |
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Accounts receivable |
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$1500 |
$1700 |
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Inventories |
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$135 |
$150 |
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Total Current Assets |
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$127210 |
$202450 |
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Investments: |
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$800 |
$850 |
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Property & Equipment: |
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Medical equipment |
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$600 |
$650 |
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Office equipment |
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$250 |
$800 |
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Total |
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$850 |
$1450 |
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Accumulated depreciation |
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($126) |
($135) |
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|
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Total Assets: |
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$128734 |
$204615 |
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LIABILITIES & EQUITY |
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Current Liabilities: |
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Salaries |
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$175000 |
$225000 |
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Benefits |
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$1750 |
$2500 |
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Accrued expenses |
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$1100 |
$1200 |
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Bad debt |
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$375 |
$1500 |
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Total current liabilities |
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$178225 |
$230200 |
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Long-Term Debt |
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$1500 |
$1500 |
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Total Liabilities & Equity |
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$179725 |
$231700 |
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