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The following information pertains to Tiffany Company: Month Sales Purchases January $30,000 $16,000 February $40,000 $20,000 March $50,000 $28,000 Cash is collected from customers in

The following information pertains to Tiffany Company:

Month

Sales

Purchases

January

$30,000

$16,000

February

$40,000

$20,000

March

$50,000

$28,000

Cash is collected from customers in the following manner:

- Month of sale 30%

- Month following the sale 70%

40% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. Labour costs are 20% of sales. Other operating costs are $15,000 per month (including $4,000 of depreciation). Both of these are paid in the month incurred. The cash balance on March 1 is $4,000. A minimum cash balance of $3,000 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?

How much cash will be paid to suppliers in March?

How much cash will be disbursed in total in March?

What is the ending cash balance for March after borrowing, if required?

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