1. ABC Company will start to operations in January, 2003.

Beginning cash balance is 12000 TL.

Plans to sell 1000 boxes at 20 TL each month.

90% of the sales will be in cash, 10% of sales will be collected in the following month.

Jan. short term investment will be sold at 10,000 TL in cash.

Production costs will be 20,000 TL and selling and administrative expenses will be 10,000 TL in january and all will be paid in cash

Production costs will be 20,000 TL and selling and administrative expenses will be 5,000 TL in February and all will be paid in cash

Min. cash balance is 3,000 TL

Prepare a cash budget for January and February 2003.