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answerhappygod
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Please answer.
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The following information pertains to Monroe Company: Sales $62,000 $88,000 $102,000 Month January February March Purchases $36,000 $40,000 $60,000 Cash is collected from customers in the following manner: Month of sale 35% Month following the sale 65% 40% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. Labor costs are 30% of sales. Other operating costs are $40,000 per month (including $8,000 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. How much cash will be paid to suppliers in March? A. $100,000 B. $48,000 C. $60,000 D. $96,000
The following information pertains to Monroe Company: Sales $62,000 $88,000 $102,000 Month January February March Purchases $36,000 $40,000 $60,000 Cash is collected from customers in the following manner: Month of sale 35% Month following the sale 65% 40% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. Labor costs are 30% of sales. Other operating costs are $40,000 per month (including $8,000 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. How much cash will be paid to suppliers in March? A. $100,000 B. $48,000 C. $60,000 D. $96,000