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Answer the Following Questions Using the Information Below:
the Following

question 185

Multiple Choice

Answer the following questions using the information below:
The following information pertains to Reef Producers Company:
 Month  Sales  Purchases  January $48000$16000 February $64000$23000 March $80000$38000\begin{array} { l l c } \text { Month } & \text { Sales } & \text { Purchases } \\ \text { January } & \$ 48000 & \$ 16000 \\ \text { February } & \$ 64000 & \$ 23000 \\ \text { March } & \$ 80000 & \$ 38000 \end{array}

- Cash is collected from customers in the following manner:

 Month of sale 30% Month following the sale 70%\begin{array}{ll}\text { Month of sale } & 30 \% \\\text { Month following the sale } & 70 \%\end{array}

40%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%20 \% of sales. Other operating costs are $15000\$ 15000 per month (including $4000\$ 4000 of depreciation) . Both of these are paid in the month incurred. The cash balance on 1 March is $4000\$ 4000 . A minimum cash balance of $3000\$ 3000 is required at the end of the month. Money can be borrowed in multiples of $1000\$ 1000 .
-How much cash will be paid to suppliers in March?

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Definitions:

Public Forum

A common space, whether physical or virtual, where individuals can come together to discuss and express opinions on various topics.

Customer Problem

An issue or challenge faced by a customer that requires resolution.

Negative Message

A message in which basic information conveyed is negative; the reader is expected to be disappointed or angry.

Policy Change

An adjustment or modification to the rules, guidelines, or principles that govern an organization, system, or society.

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