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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 65%

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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 65% - 40% of purchases are paid for in cash in the month of purchase, and the balance is paid the follawing month: - Labor costs are 30% of sales. Other operating costs are $40.000 permonth fincluding $5.000 of depreciation) Both of these are pald in the month incurred - The cash balance on March 1 is $8,000. A minimum cash balance of $6.000. is requiced at the end of the month Money can bo borrowed in multiples of $1,000. How much cash wril be paid to suppliers in March? A 595.000 B. 548.000 560.800 5100,600

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