Answer the Following Question(s)using the Information Below

question 176

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

• A)$4,000
• B)$3,800
• C)$3,200
• D)$2,800
• E)$3,000

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Definitions:

African Society

Refers to the diverse cultures, languages, and communities that exist within the African continent, characterized by varied social structures, traditions, and practices.

Masks And Maskers

Pertains to the cultural, ceremonial, or festive use of masks, and the individuals who wear them, often involved in rituals, performances, or celebrations.

African Gender Roles

The culturally specific roles, responsibilities, and expectations assigned to individuals based on their gender in different African societies, which can vary widely across the continent.

Decorated Gourd

Utilized as containers, utensils, or for ceremonial objects, gourds may be intricately decorated using various techniques like carving, painting, or pyrography.