1 pts D Question 3 Edward Helaire LLC expects its May sales to be 15% higher than its April sales of $200,000. Purchases were $120,000 in April and are expected to be $180,000 in May. All sales are on credit and are collected as follows: 44% in the month of the sale and 55% in the following month. Purchases are paid 36% in the month of purchase and 64% in the following month. The cash balance on May 1st is $15,000. The cash balance on May 31st wil be: $84.600 $68.700 351.400 $74.100 Previous Next