Answer the Following Questions Using the Information Below:
the Following

question 107

Multiple Choice

Answer the following questions using the information below:
The following information pertains to Hepburn Company:
$$\begin{array} { l r r } \text { Month } & \text { Sales } & \text { Purchases } \\\text { January } & \$ 60,000 & \$ 32,000 \\\text { February } & \$ 80,000 & \$ 40,000 \\\text { March } & \$ 100,000 & \$ 56,000\end{array}$$ - Cash is collected from customers in the following manner:
Month of sale $\quad 30 \%$
Month following the sale $70 \%$
- $40 \%$ of purchases are paid for in cash in the month of purchase, and the balance is paid the following month.
- Labor 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) $46,400
• B) $56,000
• C) $88,000
• D) $92,000

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Definitions:

Routines

Segments of code or sequences of instructions designed to perform a specific task or function within a larger program or system.

Routine

A sequence of instructions or operations designed to perform a specific task within a larger system or program.

PLCs

Programmable Logic Controllers (PLCs) are specialized computers used in industrial and mechanical processes to monitor inputs and control outputs based on programmable logic stored in memory.

Continuous Task

In control systems and computing, a continuous task is one that runs continuously, processing and responding to input signals or data without interruption.