Answer the Following Question(s)using the Information Below

question 68

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

• A)$8,000
• B)$6,400
• C)$5,600
• D)$6,000
• E)$6,600

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Definitions:

Transfer Roller Sheet

A device made out of fabric designed to help safely move or transfer patients from one surface to another with minimal physical strain.

Body Mechanics

The use of one’s body in an efficient and safe manner during daily activities to prevent injury.

Erect Posture

A body position where the spine is aligned and upright, promoting optimal physiological functioning.

Wide Base

A term referring to a stance or structure that is wider at the base, often implying greater stability or support.