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Business, 18.11.2019 21:31 fannylrevelo123

Busybody company expects its november sales to be 20% higher than its october sales of $180,000. purchases were $110,000 in october and are expected to be $160,000 in november. all sales are on credit and are collected as follows: 35% in the month of the sale and 60% in the following month. purchases are paid 40% in the month of purchase and 60% in the following month. the cash balance on november 1 is $13,500. the cash balance on november 30 will be?

a. $4,100.

b. $53,600.

c. $67,100.

d. $40,100.

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Busybody company expects its november sales to be 20% higher than its october sales of $180,000. pur...
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