Answer the Following Question(s)using the Information Below

question 87

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

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Definitions:

Social System

A complex network of relationships, institutions, norms, and practices that work together to fulfill society's needs and maintain order.

Chilly Climate

A term used to describe an environment, often academic or workplace, that is unwelcoming and marginalizes certain groups.

Higher Education

Post-secondary education provided by universities and colleges that leads to an academic degree or professional qualification.

Gendered Enrolment

The phenomenon where enrollment rates in education or specific fields of study are significantly influenced by gender.