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131. Solo Inc. had an August ending cash balance of $70,000. As well, it had sales of $60,000 in August, $80,000 in September, and projects
131. Solo Inc. had an August ending cash balance of $70,000. As well, it had sales of $60,000 in August, $80,000 in September, and projects sales of $95,000 for October, $115,000 for November, and $145,000 for December. The firm collects its receivables in the month after the sale. Given this information, calculate its cash balance at the end of November. A. $300,000 B. $325,000 C. $350,000 D. $375,000 E. $400,000
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