Answer the Following Question(s)using the Information Below

question 87

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.
-How much cash will be disbursed in total in March?

• A)$21,000
• B)$34,200
• C)$48,200
• D)$44,200
• E)$45,800

---

Definitions:

Statistical Power

Probability of rejecting the null hypothesis when the alternative hypothesis is true.

Nonparametric Tests

Statistical tests that do not assume a specific distribution of the data, often used when data doesn't meet assumptions necessary for parametric testing.

Normally Distributed

Describes a dataset whose distribution forms a symmetrical bell-shaped curve when plotted, characterized by data clustering around a mean.