Yem has $$10,500$ in cash on hand on January $1$ and has collected the following budget data:

$($Click on the icon to view ${?}^3$ budget data.$)$

minimum cash balance of $$1,000.$ Prepare a cash budget for January and February. Round to the nearest dollar. Will Yem need to borrow cash by the end of February?

Data table

Will Yem need to borrow cash by the end of February?

Yem

need to borrow cash by the end of February because the ending cash balance before financing is

than the minimum cash balance required.