- Please Answer Which Is The Correct Choice 1 (334.73 KiB) Viewed 45 times
Please answer which is the correct choice.
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answerhappygod
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Please answer which is the correct choice.
Please answer which is the correct choice.
The following information pertains to Monroe Company: Month January February March ● Sales $62,000 $85,000 $101,000 Purchases $38,000 $48,000 $63,000 Cash is collected from customers in the following manner: Month of sale 30% Month following the sale 70% 45% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. Labor costs are 25% of sales. Other operating costs are $38,000 per month (including $9,000 of depreciation). Both of these are paid in the month incurred. The cash balance on March 1 is $8,000. A minimum cash balance of $6,000 is required at the end of the month. Money can be borrowed in multiples of $1,000. A. $63,250 B. $109,000 C. $118,000 D. $54,250 How much cash will be disbursed in total in March?
The following information pertains to Monroe Company: Month January February March ● Sales $62,000 $85,000 $101,000 Purchases $38,000 $48,000 $63,000 Cash is collected from customers in the following manner: Month of sale 30% Month following the sale 70% 45% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. Labor costs are 25% of sales. Other operating costs are $38,000 per month (including $9,000 of depreciation). Both of these are paid in the month incurred. The cash balance on March 1 is $8,000. A minimum cash balance of $6,000 is required at the end of the month. Money can be borrowed in multiples of $1,000. A. $63,250 B. $109,000 C. $118,000 D. $54,250 How much cash will be disbursed in total in March?