Dr. X is opening a new dental clinic and attempting to estimate his anticipated cash collections. The
Question:
Dr. X is opening a new dental clinic and attempting to estimate his anticipated cash collections. The top line of the schedule below lists the anticipated gross revenues. l Dr. x has been informed to expect that 50% of revenues will be collected in the 1 quarter that services are provided. 30% In the next quarter, 15% in the next quarter, 1 and the remainder wlll likely never be collected. Use the plck lists associated with ' each boxed area below to select the correct cash ?ow associated with the cell. 1 When all cells within a quarterly column are correctly selected, the total cash collections amount for that quarter will turn green. First Quarter Fourth Total estimated revenues 50% of current month 30% of prior month - 15% of two months prior Cash collections §?-
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill