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QUESTION 6 The following information pertains to Hepburn Company. Month Sales Purchases January $38000 $15600 February 938000 $15200 March $45600 $16000 Cash is collected from

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QUESTION 6 The following information pertains to Hepburn Company. Month Sales Purchases January $38000 $15600 February 938000 $15200 March $45600 $16000 Cash is collected from customers 45percent in the month of the sale and in the month immediately following the sale. 35percent of purchases are paid for in cash in the month of the purchase, and the balance is paid the following month. Labor costs are 32percent of sales. Other operating costs are $29000 per month, including $10000of depreciation. These costs are paid in the month incurred. The cash balance on March 1st is $8000. A minimum cash balance of $8000 is required at the end of the month. Money can be borrowed in multiples of $1000, How much cash will be paid in total during March? Do not use any dollar signs or commas in your

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