Yes Company has $ in cash on hand on January and has collected the following budget data:
Click the icon to view the budget data.
Assume Yes has cash payments for selling and administrative expenses including salaries of $ plus commissions of of sales, all paid in the month of sale. The company requires a minimum cash balance of $ Prepare a cash budget for January and February. Will Yes need to borrow cash by the end of Februarv?
Yes Company
Cash Budget
Two Months Ended January and February
tableBeginning cash balance,,Cash receipts,January,Cash available,,Cash payments:,,Purchases of merchandise inventory,,Selling and administrative expenses,,
