### question use the information below to answer the following question s the following 3835462

Question: Use the information below to answer the following question(s).

The following information pertains to Tiffany Company:
MonthÂ  Â  Â  Â  Â Â  SalesÂ Â Â  Purchases
JanuaryÂ Â Â Â Â  \$30,000Â Â Â  \$16,000
FebruaryÂ Â Â  \$40,000Â Â Â  \$20,000
MarchÂ Â  Â  Â  Â  \$50,000Â Â Â  \$28,000

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.
Labor 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.

What is the ending cash balance for March?

a. \$3,000
b. \$3,800
c. \$28,000
d. \$3,200