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Answer the Following Question(s)using the Information Below

Question 165

Multiple Choice

Answer the following question(s) using the information below.The following information pertains to Tiffany Company:
Answer the following question(s) using the information below.The following information pertains to Tiffany Company: Cash is collected from customers in the following manner: 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? A) $47,000 B) $45,000 C) $50,000 D) $33,000 E) $43,000 Cash is collected from customers in the following manner:
Answer the following question(s) using the information below.The following information pertains to Tiffany Company: Cash is collected from customers in the following manner: 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? A) $47,000 B) $45,000 C) $50,000 D) $33,000 E) $43,000 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?


A) $47,000
B) $45,000
C) $50,000
D) $33,000
E) $43,000

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