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Yeaman has $15,500 in cash on hand on January 1 and has collected the following budget data: (Click on the icon to view the budget
Yeaman has $15,500 in cash on hand on January 1 and has collected the following budget data: (Click on the icon to view the budget data.) \begin{tabular}{l} Direct labor \\ Manufacturing overhead \\ Selling and administrative expenses \\ Total cash payments \\ Ending cash balance before fianancing \\ Minimum cash balance desired \\ Projected cash excess (defi ciency) \\ Borrowing \\ Principal repayments \\ \hline Total effects of financing \end{tabular} 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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