cash balance of $10,000 will be maintained throughout the cash budget perlod. Prepare a monthly cash budget for January and February and answer the following: How much surplus (or loan) is expected at the end of February? A. $1,900 B. $200 C. $1,400 D. $3,100 E. none of the other choices is correct

A cash budget. Show the budget by month and in total. Determine any borrowing that would be needed to maintain the minimum cash balance of $57,000.

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Jayden's Carryout Stores has eight locations. The firm wishes to expand by two more stores and needs a bank loan to do this. Mrs. Wilson, the banker, will finance construction if the firm can present an acceptable three-month financial plan for January through March. The following are actual and forecast sales figures: November December Actual $ 240,000 January 260,000 February March Forecast Additional Information $ 320,000 April forecast $360,000 360,000 370,000 Of the firm's sales, 60 percent are for cash and the remaining 40 percent are on credit. Of credit sales, 30 percent are paid in the month after sale and 70 percent are paid in the second month after the sale. Materials cost 30 percent of sales and are purchased and received each month in an amount sufficient to cover the following month's expected sales. Materials are paid for in the month after they are received. Labor expense is 40 percent of sales and is paid for in the month of sales. Selling and administrative expense…