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I need help as soon as possible please. The following information pertains to Monroe Company Month Sales Purchases January $67,000 $42,000 February $90,000 $43,000 March

I need help as soon as possible please.

The following information pertains to Monroe Company

Month Sales Purchases

January $67,000 $42,000

February $90,000 $43,000

March $104,000 $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 30% of sales. other operating costs are $31,000 per month (including $9,000 of depreciation). Both of these are paid in the month incurred.

The cashe balance of March 1 is $15,000. A minimum cash balance of $5,000 is required at the endo f the month. Money can be borrowwed in muliples of $1,000

What is the ending cash balance for March?

A. $15,000

B. $8,800

C. $4,000

D. $5,000

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