how can i Ending cash balance before financing

BAC132-99 Winter 2020 Little Huda Alnehmi & | 03/11/20 9:28 PM Save ccou Homework: Chapter 22 Exercises Score: 0 of 1 pt 11 of 15 (13 complete) S22-11 (similar to) HW Score: 69.77%, 11.86 of 17 pts Question Help Yordi has $10,000 in cash on hand on January 1 and has collected the following budget data: BEE (Click on the icon to view the budget data.) work /Test Assume direct labor costs and manufacturing overhead costs are paid in the month incurred. Additionally, assume Yordi has cash payments for selling and administrative expenses including salaries of $55,000 per month plus commissions that are 1% of sales, all paid in the month of sale. The company requires a minimum cash balance of $20,000. Prepare a cash budget for January and February. Round to the nearest dollar. Will Yordi need to borrow cash by the end of February? Cash payments Purchases of direct materials i Data Table Direct labor Manufacturing overhead Selling and administrative expenses January February Total cash payments Sales $ 533,000 $ 561,000 Ending cash balance before fiOnancing Cash receipts from customers 442,500 502,000 Minimum cash balance desired Cash payments for direct materials purchases 180,278 160,610 Projected cash excess (deficiency) Direct labor costs 134,870 112,626 Financing: Manufacturing overhead costs (includes depreciation Borrowing 53,566 55,366 of $1,900 per month) Principal repayments Total effects of financing Print Done Ending cash balance Enter any number in the edit fields and then click Check Answer. Check Answer Clear All 2 parts 2 remaining ^ . 3 ENG 03/1 o iCa e