Use the Information Below to Answer the Following Question(s)

question 61

Multiple Choice

Use the information below to answer the following question(s) .
The following information pertains to Tiffany Company:

Cash is collected from customers in the following manner:
- Month of sale 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.
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 paid to suppliers in March?

• A) $23,200
• B) $28,000
• C) $24,800
• D) $17,600

Recognize the potential of complaint messages as opportunities for improvement.

Understand the formatting and stylistic preferences for business communications to enhance professionalism and clarity.

Understand the direct method for preparing the operating activities section of the statement of cash flows.

Comprehend the indirect method for the preparation of the operating activities section, including adjustments for various accounts.

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Definitions:

Employee-assistance Programs

Workplace initiatives designed to help employees deal with personal problems that might adversely impact their work performance, health, and well-being.

Psychological Disorders

A wide range of conditions that affect mood, thinking, and behavior, often leading to distress or impairment in daily life.

Twelve-step Programs

A set of guiding principles outlining a course of action for recovery from addiction, compulsion, or other behavioral problems.

Technological Multitasking

The act of handling multiple technology-based tasks at the same time, such as texting while browsing the internet.