1.C.) Rose Turkish Delight Company is a new company and will start to operations in January, 2022. • Its beginning cash balance is 5,000 TL. • It plans to sell 1000 boxes at 20 TL each month. • 90% of...

Extracted text: 1.C.) Rose Turkish Delight Company is a new company and will start to operations in January, 2022. • Its beginning cash balance is 5,000 TL. • It plans to sell 1000 boxes at 20 TL each month. • 90% of the sales will be in cash, 10% of sales will be collected in the following month. • In January, short term investment will be sold at 10,000 TL in cash. • Production costs will be 20,000 TL and selling and administrative expenses will be 10,000 TL in January and all will be paid in cash • Production costs will be 20,000 TL and selling and administrative expenses will be 5,000 TL in February and all| will be paid in cash • Minimum cash balance is 5,000 TL. Prepare a cash budget for January and February 2022.