Answer the Following Question(s)using the Information Below

question 47

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 disbursed in total in March?

• A)$88,400
• B)$42,000
• C)$68,400
• D)$96,400
• E)$91,600

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Definitions:

Social Interaction

The dynamic, reciprocal exchange of actions, words, or feelings between two or more individuals, forming the basis of societal relationships.

Cooperation

The process of individuals or groups working together towards common goals or interests.

Deception

The act of misleading or tricking someone, often for personal gain or to achieve a particular outcome.

Body Language

A form of non-verbal communication in which physical behaviors, as opposed to words, are used to express or convey information.