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?

Jack manufacturing company had beginning work in process inventory of $8,000. during the period, jack transferred $34,000 of raw materials to work in process. labor costs amounted to $41,000 and overhead amounted to $36,000. if the ending balance in work in process inventory was $12,000, what was the amount transferred to finished goods inventory?

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period

Which of the following is likely not a benefit of requiring a grand jury to listen to and examine all of the evidence against a person suspected of committing a serious crime and then independently deciding whether or not to hand down an indictment? 1.the grand jury system provides the accused another safeguard against being sent to trial and facing conviction based on flawed evidence. 2.the members of the grand jury are drawn from the community and are empowered to render independent decisions about whether or not the government has collected enough evidence to bring an individual to trial. 3.the grand jury’s decision can provide prosecutors insight into what is necessary to build a sufficient case if a similar crime is presented later. 4.the grand jury is impaneled to rubber-stamp prosecutors’ cases, which makes it possible for more cases to reach trial.