73. Correct answer c. Cooper’s cash balance will increase $112,500 as shown below.
Opening balance $100,000 February A/R +800,000
A/R balance +300,000 February A/P - 425,000
A/P balance - 500,000 February Other - 175,000
January A/R +700,000 March A/R* +200,000
January A/P - 350,000 March A/P** - 112,500
January Other - 150,000 March Other - 175,000
Cash balance $212,500
Less opening 100,000
Cash increase $112,500
105
* $500,000 x .4
** $225,000 x .5
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