account 2302

please tell me February too

Yem has $14,000 in cash on hand on January 1 and has coliected the following budget data III (Cick on the icon to view the budget data.) Assume direct labor costs and manulacturng overhead costs are paid in the month incured. Addfionaly, assume Yem has cash payments for selling and administrative expenses including salani of $40,000 per month plus commissions that are 2% of sales, all padd in the month of sale. The company roquires a mimum cash balance of $10,000. Prepare a cash budget for January and February. Round to the nearest dolar. Wil Yem need to bornow cash by the ond of Fobruary? Data table Yern has $14,000 in cash on hand on January 1 and has collected the following budget dala: (Clec on the icon to vew the budget data.) Assume direct labor costs and manufacturing overhead costs are poid in the month incurred. Addiionally, assume Yem has cash payments for soling and admiristrative expenses including s of $40,000 per month plus commissions that are 2% of sales, all paid in the month of sale. The compary requires a minimum cash balance of $10,000. Prepare a cash budget for January and February. Round to the nearest dollar. Will Yem need to borrow cash by the end of February? Data table