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Cash is collected from customers in the following manner: Month of sale , 4 0 % month following the sale 6 0 % 4 5
Cash is collected from customers in the following manner:
Month of sale month following the sale
of purchases are paid for in cash in the month of purchase, and the balance is paid the following month.
Labor costs are of sales. Other operating costs are $ per month including $ of depreciation Both of these are paid in the month incurred.
The cash balance on March is $ A minimum cash balance of $ is required at the end of the month. Money can be borrowed in multiples of $
What is the ending cash balance for March?
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