Business, 18.10.2019 18:30, gdkhya

Deitz corporation is projecting a cash balance of $30,000 in its december 31, 2016, balance sheet. deitz's schedule of expected collections from customers for the first quarter of 2017 shows total collections of $185,000. the schedule of expected payments for direct materials for the first quarter of 2017 shows total payments of $43,000. other information gathered for the first quarter of 2017 is sale of equipment $3,000, direct labor $70,000, manufacturing overhead $35,000, selling and administrative expenses $45,000, and purchase of securities $14,000. deitz wants to maintain a balance of at least $25,000 cash at the end of each quarter. prepare a cash budget for the first quarter.

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Deitz corporation is projecting a cash balance of $30,000 in its december 31, 2016, balance sheet. d...