Russ company has $13,500 in cash on hand on January 1 and has collected the following budget data:

assume russ has cash payments for selling and administrative expenses including salaries of $50,000 plus comissions of 2% of sales, all paid in the month of sale. The company requires a minimum cash balance of $12,500.

prepare a cash budget for January and february. will Ross need to borrow cash by the end of February?

0 of 1 pt ciato ion to view the budget data) leginning cash balance Canh receipts hom mens Print Done