Deitz Corporation is projecting a cash balance of $30,300 in its December 31, 2019, balance sheet Dietz's schedule of expected collections from customers for the first quarter of 2020 shows total collections of $186,850 The schedule of expected payments for direct materials for the first quarter of 2020 shows total payments of $43,430 Other information gathered for the first quarter of 2020 is sale of equipment $3,030 direct labor $70,700, manufacturing overhead $35,350, selling and administrative expenses $45,450 and purchase of securities $14,140 Deitz wants to maintain a balance of at least $25,250 cash at the end of each quarter Prepare a cash budget for the first quarter

Answer rating: 100% (QA)

Cash Budget Particulars Amount Beginning cash balance 30000 Add Receipts Collection from customers ... View the full answer