The following information pertains to Monroe Company 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 20 of sales Other operating costs are $35,000 per month (including $8,000 of depreciation) Both of these are paid in the month incurred The cash balance on March 1 is $10,000 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 collected from customers in March A $106,000 B $100,050 C $126,100 D $94,950 The following information pertains to Monroe Company Cash is collected from customers in the following manner Month of sale 35 Month following the sale 65 45 of purchases are paid for in cash in the month of purchase, and the balance is paid the following month Labor costs are 20 of sales Other operating costs are $37,000 per month (including $9,000 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 $99,000 B $103,250 C $51,250 D $65,000

Question

The following information pertains to Monroe Company    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 20  of sales  Other operating costs are $35,000 per month (including $8,000 of depreciation)  Both of these are paid in the month incurred    The cash balance on March 1 is $10,000  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 collected from customers in March  A  $106,000 B  $100,050 C  $126,100 D  $94,950 The following information pertains to Monroe Company    Cash is collected from customers in the following manner  Month of sale 35   Month following the sale 65    45  of purchases are paid for in cash in the month of purchase, and the balance is paid the following month    Labor costs are 20  of sales  Other operating costs are $37,000 per month (including $9,000 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  $99,000 B  $103,250 C  $51,250 D  $65,000

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The following information pertains to Monroe Company: - Cash is collected from customers in the following manner: Month of sale 35% Month following the sale

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