Deitz Corporation is projecting a cash balance of $33,300 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 $205,350. The schedule of expected payments for direct materials for the first quarter of 2020 shows total payments of $47,730. Other information gathered for the first quarter of 2020 is sale of equipment $3,330; direct labor $77,700, manufacturing overhead $38,850, selling and administrative expenses $49,950; and purchase of securities $15,540. Deitz wants to maintain a balance of at least $27,750 cash at the end of each quarter. Prepare a cash budget for the first quarter.

Answers

Answer 1

Answer:

Deitz Corporation

Cash Budget

For the Quarter ended March 31, 2020:

Beginning balance                              $33,300

Cash Collections From Customers   205,350

Sale of Equipment                                   3,330

Total available cash                          $241,980

Cash Payments:

Direct materials               $47,730

Direct labor                        77,700

Manufacturing overhead  38,850

Selling & Administrative   49,950

Purchase of Securities      15,540  $(229,770)

Ending Balance                                   $12,210

Minimum Balance                                27,750

Shortfall                                              $15,540

Explanation:

Deitz Corporation uses this Cash Budget which it has prepared to understand its financial needs for the next quarter.  For example, with the minimum balance of $27,750 most likely based on past experience the corporation will start making arrangements for some outside funds to the tune of $15,540 or more to meet its cash needs for the first quarter.


Related Questions

After hearing a knock at your front door, you are surprised to see the Prize Patrol from a large, well-known magazine subscription company. It has arrived with the good news that you are the big winner, having won $21 million. You have three options.
(a) Receive $1.05 million per year for the next 20 years.
(b) Have $8.25 million today.
(c) Have $2.25 million today and receive $750,000 for each of the next 20 years.
Your financial adviser tells you that it is reasonable to expect to earn 13 percent on investments.

Answers

Here's a breakdown of the three options you have after winning 21 million and their financial implications.

Option (a) - Receive $1.05 million per year for the next 20 years:

This option would give you a steady stream of income for the next 20 years. However, you would not have access to the entire $21 million upfront. The total payout over 20 years would be $21 million, which means that the present value of this cash flow using a 13% discount rate would be approximately $6.36 million.

Option (b) - Have $8.25 million today:

This option would give you the largest lump sum of cash upfront. However, you would not have access to the remaining $12.75 million that you would have received under Option (a) or (c). The present value of $8.25 million using a 13% discount rate would be approximately $8.25 million.

Option (c) - Have $2.25 million today and receive $750,000 for each of the next 20 years:

This option would give you access to some of the cash upfront and a steady stream of income for the next 20 years. The total payout over 20 years would be $17.25 million, which means that the present value of this cash flow using a 13% discount rate would be approximately $5.21 million. Additionally, the $2.25 million that you would receive upfront would have a present value of approximately $2.25 million.

Based on the present value calculations, Option (b) - taking the $8.25 million upfront - would provide you with the highest present value of cash.

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For most consumers, term life insurance is considered to be the:
O worst option
O same cost as term
O most expensive
O best value

Answers

For most consumers, the term life insurance is considered to be worst option.

What is a term life insurance?

A sort of death benefit that pays the policyholder's heirs over a predetermined length of time is term life insurance, commonly referred to as pure life insurance. The owner of the term life insurance policy has three options after the term has ended: renewing it for a new term, changing it to permanent protection, or letting the policy lapse. The premium for term life insurance is established by the insurance provider based on the value of the policy (the payout amount), as well as your age, gender, and general health. A medical examination could be necessary in several situations. Your driving history, current medications, whether you smoke, your work, your hobbies, and your family history may all be requested by the insurance provider.

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12.) A hypothetical condition would be employed in an assignment to

Answers

Answer:

n an appraisal assignment, a hypothetical condition is used when a property is appraised under a condition that is contrary to what is known by the appraiser to exist on the effective date of the assignment results.

Explanation:

PLEASE HELP!!!! WILL GIVE BRAINLIEST!!!





Is the second one correct (the answer I chose is in blue)

PLEASE HELP!!!! WILL GIVE BRAINLIEST!!!Is the second one correct (the answer I chose is in blue)

Answers

Yes you are correct that answer is right

jonathan has an outgoing personality. he enjoys making home repairs and watching TV shows about house flipping. jonathan has a degree in business, but he likes the customer service side of business more than the finance component. which of the following careers would be most suitable for jonathan?

Answers

The most suitable career for Jonathan would be a real estate broker.

Why would a real estate broker be suitable for Jonathan?

Jonathan's outgoing personality and interest in home repairs align well with a career in real estate. As a real estate broker, he would have the opportunity to work closely with clients, providing customer service and helping them navigate the process of buying and selling properties.

His passion for watching TV shows about house flipping indicates a strong interest in the real estate market which would be beneficial in this role. Additionally, his degree in business would provide a solid foundation for understanding the business aspects of real estate transactions.

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There was an agreement that employees will get extra payment for overtime but the management fails to implement the agreement which principle is violated?​

Answers

Answer:

I think it's management or implement I will choose management if I were you

ACTIVITY 3 TOTAL:86 3.1 Distinguish between BEE and BBBEE.

Answers

ANSWER:

The ( BEE ) means black economic empowerment. in this the policies is while BEE sought to write the wrongs of the past,where the (BBBEE) board - based black economic empowerment. in BBBEE the aims at distributing the wealth of the nation across all acres races and gender

Explanation:

What is the difference between BEE and B-BBEE? BEE refers to the government's policy, B-BBEE is the implementation of the policy. Both refer to the same strategic framework that seeks to right the wrongs of the past and to distribute the wealth of nation across all races and genders

What is a survey?
A. It is when only a portion of a population is researched.
B. It is a research method where the researcher assembles small
groups of people.
C. It involves recording actions or events related to buying behavior.
D. It is a set of questions used for gathering data.

Answers

D. It is a set of questions used for gathering data
Ex: let's say it's like school they gym survey they would ask you questions about your health or your activity and things like that so they can know if your health is good or not

It is a set of questions used for gathering data is a survey. Hence, option D is correct.

What is gathering data?

Data collection is the process of gathering and measuring information on variables of interest in a systematic and prescribed manner in order to respond to specific research questions, test hypotheses, and evaluate findings.

The methods usually utilized in TNA to collect data include surveys and interviews. Because each TNA has characteristics that make it more or less effective according on the situation and the parties involved, it is necessary to select which one to utilize.

Data enables businesses to evaluate the efficacy of a certain strategy: Gathering data after implementing solutions to a problem will allow you to determine how well your strategy is functioning and whether it needs to be modified over time.

Thus, option D is correct.

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Another view of leadership focuses on a continuum of behavior ranging from a type of leadership with a formal hierarchy and power emanating from the top down to the other end of the range where: Select one: a. leaders seek sole possession of power and control. b. leadership is distributed among, and stems from, team members. c. those lowest in the organization have the most power due to threats and sabotage. d. a heavy leadership commitment toward bureaucracy and task monitoring.

Answers

Answer:

b

Explanation:

leadership is distributed among, and stems from, team members.

Leadership is distributed among and stems from, team members.

The answer is option B.

What are leadership skills?

Leadership skills can be described as moves or a collection of moves used to force or guide groups and peers to success. They recognize how to manage, have an effect on, and encourage all of us in their group. They recognize a way to deal with difficult situations and hold their teams engaged and centered.

Who is a good leader?

There are a number of vast expertise regions which might be particularly critical for leaders. Those encompass strategic wondering, making plans and delivery, people control, alternate management, verbal exchange, persuasion, and impact. Consequently, they may be known as right leaders.

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Heavy Industrialization is polluting a natural lake in a certain area. The lake is a habitat for various natural flora and fauna. The local government
is looking for ways to improve the condition of the lake and make it a tourist attraction. They should seek the help of a(n)

Answers

Answer:

environmental director

Explanation:

You are considering an investment in 30-year bonds issued by Moore Corporation. The bonds have no special covenants. The Wall Street Journal reports that 1-year T-bills are currently earning 1.80 percent. Your broker has determined the following information about economic activity and Moore Corporation bonds:
Real risk-free rate = 0.75%
Default risk premium = 1.70%
Liquidity risk premium = 1.05%
Maturity risk premium = 2.30%
a. What is the inflation premium?
b. What is the fair interest rate on Moore Corporation's 30-year bonds?

Answers

The Inflation Premium is 1.05% and the Fair rate is 6.85% as per the given data for  considering an investment in 30-year bonds

The given data is as follows:

currently earning percentage = 1.80 percent

Real risk-free rate = 0.75%

Default risk premium = 1.70%

Liquidity risk premium = 1.05%

Maturity risk premium = 2.30%

To calculate the Inflation Premium we need to use the formula,

Inflation Premium = (Current year bond rate - Real risk-free rate)  

Inflation Premium = 1.80 %-0.75%

Inflation Premium = 1.05%

To calculate the Fair rate we need to use the formula,

Fair rate = Real interest rate + Default risk premium + liquidity risk premium + Maturity risk premium + inflation premium    

Fair rate = 0.75 % + 1.70% + 1.05% + 2.30% + 1.05%

Fair rate = 6.85%

So, from the above problem, we can conclude that Inflation Premium is 1.05% and the Fair rate is 6.85%

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interventions startegices to reduce prevent restrictions or barriers of business in the shoes business​

Answers

To reduce or prevent restrictions and barriers in the shoes business, the key approaches are: Advocacy and lobbying; Trade agreements and partnerships and Industry collaboration.

Engage in advocacy efforts to promote a favorable business environment for the shoes industry. Encourage the establishment of favorable trade agreements between countries or regions to reduce trade barriers, tariffs, and customs duties on shoes.

Collaborate with industry associations, competitors, and relevant stakeholders to set industry standards and best practices. This can help streamline processes.

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SINGAPORE - Singtel will be implementing a wage freeze across the company, this year - except for operational and support staff - as part of a cost-cutting exercise by Singapore's largest
Group chief executive Chua Sock Koong said in a note to employees that the company
needed to brace itself for uncertainty because of the coronavirus outbreak and the weak
business sentiment.
Ms Chua said: “The management committee and I will each contribute at least half a month’s pay (to the Singtel Touching Lives Fund) while top management has been strongly urged to
make voluntary contributions of a quarter’s month’s pay.” She encouraged staff to give as well, adding that the company will match staff contributions dollar-to-dollar before directing the donations to the Community Chest’s Courage Fund and other beneficiaries working to fight the fall-out from the virus outbreak.
(a) Describe the THREE principles of Kant’s theory. (15 marks)
(b) Apply Kant’s theory to determine if the actions taken by Singtel CEO are considered ethical or not. (15 marks)

Answers

The three principles of Kant’s theory are the fact that the Transcendental Dialectic are known to be the soul, the world  and God. The unique thing about the above ideas of reason is due to the fact that the reason is led by using the structure that posit objects which are said to be corresponding to those ideas.

When you Aapply Kant’s theory to determine if the actions taken by Singtel CEO, one is able to see that  the motive (or means), and not consequence (or end), of an action is one that tells more on its moral value and thus it is ethical.

What are Kant's principles?

Kant's moral philosophy is known to be one that is seen to be of the deontological normative theory.

It is one where he was said to have rejected the utilitarian idea which states that the rightness of an action is seen to be as a result of a function of how plentiful its outcome is.

Therefore,  The three principles of Kant’s theory are the fact that the Transcendental Dialectic are known to be the soul, the world  and God. The unique thing about the above ideas of reason is due to the fact that the reason is led by using the structure that posit objects which are said to be corresponding to those ideas.

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The basic economic questions that any provider of goods must ask are:
• What will be produced?
• Who will produce it?
• For whom will it be produced?
In which type of economy are these decisions made solely by the
government?
A. Mixed
B. Free
C. Command
D. Traditional

Answers

Answer:

C. Command

Explanation:

In a command economy, the government owns and controls all the factors of production. All the factors of production are owned and controlled by the government. The government does all the productions through its agencies.

The government prepares central economic plans that guide the country's economic activities. The central plans indicate what goods and services will be produced, their quantities, and prices. The plans also dictate how distributions will be done in the country.

Question 15 of 20
Which information in the accounts payable subsidiary journal is entered after
the amount of credit or debit?
A. the terms of the sale
B. the date
C. the name of the vendor
OD. the balance
SUBMIT

Answers

Answer:

credit entry

Explanation:

The accounts payable subsidiary ledger is a breakdown of the total amount of payables listed on the general ledger. In other words, the subsidiary ledger contains the individual payables owed to each of the suppliers and vendors, as well as the amounts owed.

When recording an account payable, debit the asset or expense account to which a purchase relates and credit the accounts payable account. When an account payable is paid, debit accounts payable and credit cash. Payroll entry.

The accounts payable subsidiary ledger provides detailed information about amounts owed to creditors.

The total of the individual account balances in the accounts receivable subsidiary ledger should agree with the total of the individual account balances in the accounts payable subsidiary ledger.

. Explain the role of money in specialisation and division of labour

Answers

Answer:Money plays a crucial role in the process of specialization and division of labor. As an economy grows, the division of labor becomes more complex, and people begin to specialize in specific skills and trades. Specialization and division of labor increase productivity and efficiency, which leads to economic growth. Money facilitates the exchange of goods and services between people who have specialized in different areas.When people specialize in specific skills or trades, they produce goods or services that are unique and valuable. Money allows them to exchange these goods and services with other people who have specialized in different areas. This exchange of goods and services is made possible by the use of money, which serves as a medium of exchange. Without money, people would have to rely on bartering, which would be difficult and inefficient.Moreover, money encourages further specialization and division of labor. When people are able to earn money by specializing in a particular skill or trade, they are more likely to continue doing so. This creates a positive feedback loop, leading to increased specialization, higher productivity, and economic growth.In summary, money plays a critical role in the process of specialization and division of labor by facilitating the exchange of goods and services between people who have specialized in different areas. Money encourages further specialization and division of labor, leading to higher productivity, efficiency, and economic growth.

Explanation:

how effective is it to request that mark who has been on the team for 2 months helps you

Answers

The effectiveness of this approach depends on several factors, including the nature of the task, Mark's skills and expertise, his workload and availability, and the context of your relationship with him.

Firstly, it's important to assess whether Mark has the necessary skills and expertise to assist you with the task. If he has been on the team for two months, he may not be fully familiar with all the aspects of the job, but he may have some unique skills or knowledge that can be helpful. In this case, you should clearly communicate the specific task and what you need from Mark, so that he can provide the appropriate assistance.

Secondly, it's important to consider Mark's workload and availability. If he is already overloaded with tasks, he may not be able to provide the necessary support, or he may not be able to meet your timeline. Therefore, it's important to communicate with him in advance and understand his workload and availability before requesting his assistance. Finally, the context of your relationship with Mark is also important. If you have a good working relationship and have previously worked well together, he may be more willing to help you. On the other hand, if you have not worked together before or have had a negative interaction, he may be less willing to provide support. In summary, requesting Mark's assistance can be an effective strategy, provided that you consider the nature of the task, Mark's skills and availability, and the context of your relationship with him. Clear communication and collaboration are key to making this approach successful.

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impact of new vendor with zero opening balance

Answers

The impact of the vendor with the zero opening balance is to show that the account has been correctly set up.

What is the vendor opening balance?

This is the term that is used to refer to the amount of money that is in an account at the particular time that the account is newly opened.

The way that the vendor balance can be gotten is when the opening balances that are in a new year are carried forwards and the customers are done. In order to track this, the code that is to be used is F. 07.

The opening balance is what would have to be brought forward at the end of an accounting period and it is usually what the vendor would have to use as they try to keep a track of the cash flow that is in their account.

Hence we would say that the impact of the new vendor with this balance that is 0 is to help to determine how correct the set up of the account has been done.

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Jacob and his partner Rico are partners in a business. They want to start a new e-commerce company that will help customers shop for goods online. Before starting the business, they make a list of the market leaders in this field. The list contains names such as Koovs.com, Dresslink.com, and Boohoo.com. What kind of business format do you think Jacob and Rico’s company is following?

Answers

In this business, Jacob and Rico's company is likely following the e-commerce business format.

What is the business format the new company is following?

Basically, e-commerce means buying and selling of goods or services online. Given the list of market leaders in the online shopping field, it is safe to assume that Jacob and Rico's new company is also an e-commerce business.

The E-commerce is now popular format for businesses because as it allows to reach customers all over the world and provides convenience for both customers and businesses. By starting the e-commerce company, they can take advantage of this growing trend and potentially tap into a large customer base.

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Cullumber Company uses a periodic inventory system and reports the following for the month of June.

What is the weighted-average unit cost ?

Cullumber Company uses a periodic inventory system and reports the following for the month of June.What

Answers

For the month of June, Cullumber Company reports using a periodic inventory system. The weighted-average unit cost  is $10.117, or $951 ÷ 94.

How do periodic inventory systems record inventory?

All purchases made between physical inventory counts are recorded in a purchases account under the periodic inventory system. After a physical inventory count, the balance in the purchases account is moved into the inventory account, where it is rebalanced to match the cost of the finished inventory. Simply put, to determine the weighted average, all data set values must first be multiplied by their respective weights. After that, add up the products that resulted and divide by the total weights. While managing rates, one will as a rule observe that the amount of loads is equivalent to 1 or 100 percent.

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Explain other advantages of the autociatic leadership style. se Se busines​

Answers

The autocratic leadership style has several advantages in certain business situations. Firstly, it allows for quick decision-making and efficient execution. In an autocratic leadership approach, the leader has the authority to make decisions without consulting others extensively. This can be advantageous in situations where immediate action is needed or when there is limited time for deliberation. By taking charge and making decisions swiftly, autocratic leaders can ensure that tasks are completed efficiently and objectives are met in a timely manner.

Secondly, autocratic leadership provides clear direction and reduces ambiguity. The leader in this style has a strong control over the decision-making process and can provide clear instructions to their team members. This clarity helps employees understand their roles and responsibilities, minimizing confusion and increasing productivity. Autocratic leaders often set specific goals and expectations, which can be beneficial in situations where precision and adherence to guidelines are crucial.

Additionally, the autocratic style can be effective in organizations or industries that require a hierarchical structure or where strict compliance is necessary. Industries such as the military, manufacturing, or emergency services often rely on autocratic leadership to ensure discipline, maintain order, and promote safety.

However, it is important to note that the autocratic leadership style may not be suitable for all situations or business contexts. It can stifle creativity and innovation by limiting input and involvement from team members. It may also lead to decreased employee satisfaction and motivation, as individuals may feel disempowered or undervalued. Therefore, the autocratic style should be used selectively and combined with other leadership approaches to create a balanced and inclusive organizational culture.

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5. Which of the following describes a business want?
a higher ROMI
increased profits
a new advertising campaign
decreased expenses

Answers

Answer:

so its increased profits

What should you remember when you
are scheduled for a job interview?
A. Look them in the eye while you speak to them.
B. You do not need to take documents with you as you
would have submitted them beforehand.
C. Get there on time or a bit late so you don't have to
wait.
D. Frequently look at your watch so they know your
time is valuable.

Answers

Hiiiiiiiiiiiiiiiiiiiiiiiiiiii 61627370+262637737373=262662633y

Answer:

A

Explanation:

In two to three sentences, answer the following: What is the most important information you need to receive a stock quote? What information you can obtain from a stock quote?

Answers

A timestamp is the most important information you need to receive a stock quote.

The time-stamp that indicates how old the market quote is probably the most crucial element to pay attention to. The day's peak and lowest point, amount, and occasionally the 52-week maximum and low are other significant bits of knowledge that a stock quotation displays. The market value of a stock as it is quoted on a securities exchange is known as a stock quotation.

A fundamental quotation for a particular stock gives details such the bid and ask prices, last exchanged price in and volume traded. Even if a stock's value might climb without considerable earnings growth, its ability to continue rising depends on its P/E ratio.

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Q. In the investment industry, cash management is most likely the responsibility of the:
A. treasurer.
B. general counsel.
C. chief risk officer.​

Answers

Answer:

A. treasurer

Explanation:

Cash management, also known as treasury management, entails collecting and managing cash flow.  In an investment set-up, the treasurer is responsible for cash management. The treasurer has to maintain updated records of all the inflows and outflows arising from an investment.

Cash management is a critical section of an investment. The success of investment has a direct link to how it manages its cash. The treasurer should be familiar with cash management strategies,  cash flow cycles, and other responsibilities associated with cash management.

you come across a 20 dollar bill laying on the ground, in a store. What would you do?

Answers

Take it if no one come to get it

Answer:

uh i will take it and try to not feel guilty then later forget it and since i am so forgetful i will probably lose it

Explanation:

6
Select the correct answer from each drop-down menu.
Identify the interpersonal skills demonstrated in this scenario.
Belinda gets along well with her coworkers and managers because she doesn't judge people, even when she disagrees with them. She is
demonstrating the skill of
Harold is always in demand because he takes time to help others when they are struggling to complete a task. He is demonstrating the skill of
Reset
Next

Answers

Answer:xz

Explanation:xx

Answer:

Explanation:

Select the correct answer from each drop-down menu.

Identify the interpersonal skills demonstrated in this scenario.

Belinda gets along well with her coworkers and managers because she doesn’t judge people, even when she disagrees with them. She is demonstrating the skill of

respect for diversity

.

Harold is always in demand because he takes time to help others when they are struggling to complete a task. He is demonstrating the skill of

social sensitivity

.

All of the following are concepts learned in English courses except O A. how to speak the language. B. literary criticism. C. grammar. O D. public speaking. (apex)​

Answers

A. How to speak the language

According to the video, which tasks do Urban and Regional Planners perform? Check all that apply.


developing recommendations to improve medical care

promoting the best use of land and resources

developing plans for growth and renewal

promoting campaigns for political elections

reviewing applications for government assistance
Nvm its b and c

Answers

Answer:

Wat

Explanation:

Answer:

b & c (did the assignment on edg) ;)

Explanation:

10 points pls help You should share a copy of your résumé with the following ______.

Answers

Answer:

employer or you family buts thats it hahah

Answer:

individuals you use as references

Explanation:

So they can help spread your chance of getting more jobs

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