Question 1 (20 marks)The Bondi Junction Medical Centre is a 3-doctor general practice. The doctors want you to prepare a cash budget for the first 3 months of the year – from January to March.They have given you the following information.Opening bank balance: on 1 January there was $8,500 in the centre’s bank account.Salaries. Two receptionists will be employed in the centre with total monthly salaries of $6,000. The doctors are each paid $12,000 per month.Monthly operating expenses. …
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