Sales and Production Budget II You have been assigned to prepare
the cash budget, which is one portion of the master budget for
Marble Company. According to a credit agreement with the company’s
bank, Marble Company promises to have a minimum cash balance of
$65,000 at each month-end. In return, the bank has agreed that the
company can borrow up to $175,000 at a monthly interest rate of 2%,
paid on the last day of each month. The interest is...