Question: Data table - X [ri has cash payments for selling and omonth of sale. The company requires a Yordi need to borrow cash by the





Data table - X [ri has cash payments for selling and omonth of sale. The company requires a Yordi need to borrow cash by the end of Assume direct lobor costs and manutacturing overhead costs are paid in the month incurred. Additionally; assume Yordi has cash payments for 5 elling and administrative expenses including salaries of $70.000 per month plus commissions that are 1% of sales, all paid in the month of sale. The company requires a minimum cash balance of $1,000. Prepare a cash budget for January and February. Round to the nearast dollar. Will Yordi need to borrow cash by the end of February? Click on the icon to view the budget data) Assume direct labor costs and manufacturing overhead costs are paid in the month incurred. Additionaly, assume Yordi has cash payments for selling and administrative expensen including salaries of $70,000 per month plus commissions that are 1% of sales, all paid in the month of sale. The company requires a minimum cash balance of $1,000. Prepare a cash budget for January and February. Round to the nearest dollar, Will Yordi need to borrow cash by the end of February? Febiruary? Wul Yordi need 10 borrow cash by the end of February? Yord heed to borrow cash by the end of February because the ending cash batance before financing in than the minimum cash balance required: Yordi has $14,000 in cash on hard on January 1 and has collected the following budget data EF3 (Click on the icon to view the budget data?) Assume direct labor costs and manufacturing overhead costs are paid in the month incured. Additionally, assume Yordi has cash. payments for selling and. pdministrative expenses including salaries of $70,000 per month plus commissions that are 1% of sales, all paid in the month of sale. The company requires a minimum cash balance of $1,000. Prepare a cash budgot for January and February. Round to the nearest dollar. Wiil Yordi need to benrow cash by the end of February? Yord need to borrow cash by the end of February because the ending cash balance belore financing is than the minimum cash balance Yord has $14,000 in cash on hand on January 1 and has colsected the following budget data: Fif (Cick on the icon to view the budget data.) Assume direct labor costs and manufacturing overhead costs are paid in the month incurred. Additionally, assume Yordi has cash payments for selling and Administrative expenses including salaries of $70,000 per month plus commissions that are 1% of sales, all paid in the month of sale. The company requires a minimum cash balance of $1.000. Prepare a cash budget for January and February. Round to the nearest dollar: Wil Yordi need to borrow cash by the end of February? Will Yordi need to borrow cash by the end of Fobruary? Yordi need to borrow cash by the end of February because the ending cash balance before financing is required
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