A company anticipates monthly sales of $400,000 (i.e., per month in January, February, March, and April)....

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A company anticipates monthly sales of $400,000 (i.e., per month in January, February, March, and April). Material costs represent 55% of sales and due to level production, material purchases will be equal for each month. Labor costs are expected to be $15,000 in January, $18,000 in February, $14,000 in March, and $19,000 in April. Fixed overhead is $10,000 per month. General and administrative expenses are $2,500 per month, an interest expense of $2,500 is paid in March, new equipment is purchased for $10,000 in February, and a dividend of $3,000 is paid in March. The company's total cash payments in March are ? (round to the nearest dollar and enter the dollar sign and commas, as appropriate)? A company anticipates monthly sales of $400,000 (i.e., per month in January, February, March, and April). Material costs represent 55% of sales and due to level production, material purchases will be equal for each month. Labor costs are expected to be $15,000 in January, $18,000 in February, $14,000 in March, and $19,000 in April. Fixed overhead is $10,000 per month. General and administrative expenses are $2,500 per month, an interest expense of $2,500 is paid in March, new equipment is purchased for $10,000 in February, and a dividend of $3,000 is paid in March. The company's total cash payments in March are ? (round to the nearest dollar and enter the dollar sign and commas, as appropriate)?

Answer rating: 100% (QA)

To calculate the companys total cash payments in March we need to add up all of ... View the full answer