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Business, 12.11.2019 03:31 winwinphyo

The following information pertains to monroe company: month sales purchases january $ 65 comma 000 $ 42 comma 000 february $ 80 comma 000 $ 46 comma 000 march $ 108 comma 000 $ 58 comma 000 bullet cash is collected from customers in the following manner: month of sale 35% month following the sale 65% bullet 40% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. bullet labor costs are 30% of sales. other operating costs are $ 33 comma 000 per month (including $ 9 comma 000 of depreciation). both of these are paid in the month incurred. bullet the cash balance on march 1 is $ 25 comma 400. a minimum cash balance of $ 9 comma 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?

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The following information pertains to monroe company: month sales purchases january $ 65 comma 000...

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