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Business, 01.05.2021 18:10 kljjrr

BusyBody Company expects its November sales to be 25% higher than its October sales of $240,000. Purchases were $100,000 in October and are expected to be $100,000 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 35% in the month of purchase and 65% in the following month. The cash balance on November 30 will be:. A. $149,000
B. $135,500
C. $262,500
D. $162,500

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