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Bus Body Company expects its November sales to be 25% higher than its October sa es of S22 000. Purchases were $150,000 in October and
Bus Body Company expects its November sales to be 25% higher than its October sa es of S22 000. Purchases were $150,000 in October and are expected to be s o. Din lovembe All sales a e on-cre t are collected as follows: 20% in the month of the sale and 75% 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 $13,400 The cash balance on November 30 will be and O A. $90,000 O B. $233,400 ??. s76,600 O D. $103,400
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