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Yes Compary has $10,000 in cash on hand on January 1 and has collected the following bodget data: Yow the budget date. Assume Yes Compary

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Yes Compary has $10,000 in cash on hand on January 1 and has collected the following bodget data: Yow the budget date. Assume Yes Compary has cash payments for seling and administrative expenses including salarles of 548.000 plus commissions of 15s of sales, af paid in the mocth of sale. The company requires a minimum cash balance of $9,000 Prepare a cash budget for January and February. Wa Yes Company need to borrow cash by the end of February? Budget Data Yes Company has $10,000 in cash on hand on January 1 and has collected the following budget data: Will Yes Company need to botrow cash by the end of February? Yes Company need to borrow cash by the end of February

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