Question

Williams Company has $14,000 in cash on hand on January 1 and has collected the following budget data:
Assume Williams has cash payments for selling and administrative expenses including salaries of $36,000 plus commissions of 3% of sales, all paid in the month of sale. The company requires a minimum cash balance of $10,500. Prepare a cash budget for January and February. Will Williams need to borrow cash by the end of February?


$1.99
Sales0
Views66
Comments0
  • CreatedJune 15, 2015
  • Files Included
Post your question
5000