WileyPLUS ? https://edugen.vvil 90% ? Q,Search n.uni Wcygandt, Accounting Princi

Question

WileyPLUS ? https://edugen.vvil 90% ? Q,Search n.uni Wcygandt, Accounting Principles, 12e Helo PRINTER VBRSIONB ASSIGNMENT RESOURCES Deitz Corporation is projecting a cash balance of $38,640 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 $238,280. The schedule of expected payments for direct materials for the first quarter of 2017 shows total payments of $5S,384. Other information gathered for the first quarter of 2017 is sale of equipment $3,864; direct labor?90,160, manufacturing overhead $45,080, selling and administrative expenses $57,960; and purchase of securities s 18,032. Deitz wants to maintain a balance of at least $32,200 cash at the end of cach quarter. E Queation1 E Queation 2 Prepare a cash budget for the first quarter. (Do not lcave any answer field blank. Enter 0 for amounts.) DEITZ CORPORATION Cash Budget 12:46 PM O Type here to search

Explanation / Answer

Answer:-

DEITZ CORPORATION CASH BUDGET PARTICULARS AMOUNT $ Opening cash balance 38640 Collection from customers 238280 Sale of equipment 3864 Total cash available (a) 280784 Less:-Payments (b) Direct materials 55384 Direct labor 90160 Manufacturing overhead 45080 Selling & administration expense 57960 Securities purchased 18032 Closing cash balance (c=a-b) 14168 Borrowing amount 32000-14168 17832 Minimum closing cash requirment 32000

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.