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Yeaman has $14,000 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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Yeaman has $14,000 in cash on hand on January 1 and has collected the following budget data: (Click on the icon to view the budget data.) Data table Yeaman has $14,000 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 Yearnan has cash payments for selling and administrative expenses including salaries of $50,000 per month plus commissions that are 1% of sales, all paid in the month of sale. The company requires a minimum cash balance of $15,000. Prepare a cash budget for January and February. Round to the nearest dollar. Will Yeaman need to borrow cash by the end of February? Will Yeaman need to borrow cash by the end of February? Yeaman need to borrow cash by the end of February because the ending cash balance before financing is than the minimum cash balance required

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