The cash balance on november 1 is 13500 the cash balance on


BusyBody Company expects its November sales to be 15% higher than its October sales of $230000. Purchases were $130000 in October and are expected to be $200000 in November. All sales are on credit and are collected as? follows: 30% in the month of the sale and 65% in the following month. Purchases are paid 30% in the month of purchase and 70% in the following month. The cash balance on November 1 is $13500. The cash balance on November 30 will be?

Solution Preview :

Prepared by a verified Expert
Managerial Accounting: The cash balance on november 1 is 13500 the cash balance on
Reference No:- TGS02898488

Now Priced at $10 (50% Discount)

Recommended (96%)

Rated (4.8/5)