Multiple Choice
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 disbursed in total in March?
A) $21,000
B) $34,200
C) $48,200
D) $44,200
E) $45,800
Correct Answer:

Verified
Correct Answer:
Verified
Q82: Answer the following question(s)using the information below.Furniture
Q83: Use the information below to answer the
Q84: Use the information below to answer the
Q85: Use the information below to answer the
Q86: Use the information below to answer the
Q88: Answer the following question(s)using the information below.The
Q89: Planning the performance of the organization, providing
Q90: Berry Company has gathered the following information:<br>
Q91: Describe the four types of responsibility centres.Give
Q92: List and describe the four approaches to