Answer the Following Question(s)using the Information Below

question 149

Multiple Choice

Answer the following question(s) using the information below.The following information pertains to Hepburn 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 $30,000 per month (including $8,000 of depreciation) .Both of these are paid in the month incurred.The cash balance on March 1 is $8,000.A minimum cash balance of $6,000 is required at the end of the month.Money can be borrowed in multiples of $1,000.
-How much cash will be paid to suppliers in March?

• A)$56,000
• B)$46,400
• C)$88,000
• D)$49,600
• E)$35,200

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Definitions:

Sporangium

Structure that produces spores.

Flagellated

Describes organisms or cells possessing one or more whip-like structures called flagella, used for movement.

Protista

A kingdom of diverse eukaryotic organisms, mostly unicellular, that are not animals, plants, or fungi, including algae, amoebas, and paramecia.

Eukaryotic Kingdoms

The classification categories in the biological taxonomy that comprise organisms with complex cells containing a nucleus, including plants, animals, fungi, and protists.