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Deitz Corporation is projecting a cash balance of $37,500 in its December 31, 2019, balance...

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Deitz Corporation is projecting a cash balance of $37,500 in its December 31, 2019, balance sheet. Deitz's schedule of expected collections from customers for the first quarter of 2020 shows total collections of $231.250. The schedule of expected payments for direct materials for the first quarter of 2020 shows total payments of $53.750. Other Information gathered for the first quarter of 2020 is sale of equipment $3,750; direct labor $87.500, manufacturing overhead 543,750, selling and administrative expenses $56,250; and purchase of securities $17.500. Deltz wants to maintain a balance of at least $31250 cash at the end of each quarter Prepare a cash budget for the first quarter. DEITZ CORPORATION Cash Budget For the Quarter Ended March 31, 2020 s

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