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Yandel has $15,000 in cash on hand on January 1 and has collected the following budget data: Click on the icon to view the budget

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Yandel has $15,000 in cash on hand on January 1 and has collected the following budget data: Click on the icon to view the budget data) Assume direct labor costs and manufacturing overhead costs are paid in the month incurred. Additionally, assume Yandel 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 $12,000. Prepare a cash budget for January and February. Round to the nearest dollar Will Yandell need to borrow cash by the end of February? Begin by preparing the cash budget for January, then prepare the cash budget for February (Complete all input bones. Enter budget to the nearest whole dollar) for any rera balances Round all amounts entered into the cash Yandell Company Cash Budget Two Months Ended January 31 and February 28 Februar Beginning cash balance Enter any number in the edit fields and then continue to the next question and February. Round to the nearest dollar. Will Yandell need to borrow cash by the end on Iwo months Ended January 31 and February 28 January February Beginning cash balance Cash receipts Cash available Cash payments: Purchases of direct materials Direct labor LU IU DUITUR and February. Round to the nearest dollar. Wil Tanuel Direct labor Manufacturing overhead Selling and administrative expenses Total cash payments Ending cash balance before financing Minimum cash balance desired Projected cash excess (deficiency) Financing: Enter any number in the edit fields and then continue to the next question. allur evaly. I ungu Projected cash excess (deficiency) Financing Borrowing Principal repayments Total effects of Ofinancing Ending cash balance wa Yandell need to borrow cash by the end of February? Yandell need to borrow cash by the end of February because the ending cash balance before financing is than the minimum cash balance Enter any number in the edit fields and then continue to the next question ata Data Table an isio Wil nual January 525,000 $ 442,100 180,526 134,620 Sales Cash receipts from customers Cash payments for direct materials purchases Direct labor costs Manufacturing overhead costs (includes depreciation of $1,000 per month) February 567,000 502,700 160,610 113,348 omg udg ary 55,628 53,016 Print Done hen

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