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Numerical

Living Tanks sell tanks and fish and reptiles throughout Victoria. Living Tanks employ 7 staff and pay them $4004 each per month. The wages are paid on the 15th day of the month. Their other monthly costs include rent $1356, advertising $584, supplies, electricity and telephones $371 and depreciation $1319. Rent is paid every 5 months and will be need to be paid in March. Supplies vary from month to month based on percentage of sales. March sales are expected to be $138647 and supply costs are 57% of these sales and are paid in the month of the sale. What is the expected total cash payments (do no include , or $ and record to 2 decimal places) for March?

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Reframing the task: we need the total cash payments for March for Living Tanks, considering which items are cash outflows in March and which are non-cash. Start by listing the components that affect March cash payments. First, wages: 7 staff paid 4004 each per month, so monthly w......Login to view full explanation

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