Business, 27.06.2020 01:01 whitakers87

he following information pertains to Monroe Company: Month Sales Purchases January $63,000 $40,000 February $86,000 $40,000 March $102,000 $56,000 times Cash is collected from customers in the following manner: Month of sale 35% Month following the sale 65% times 40% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. times Labor costs are 30% of sales. Other operating costs are $38,000 per month (including $8,000 of depreciation). Both of these are paid in the month incurred. times 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?

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he following information pertains to Monroe Company: Month Sales Purchases January $63,000 $40,000 F...

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