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Creative Industries projects a beginning cash balance for October 1, of $45,000. Projected collections of accounts receivable in October are $100,000. Projected payment of expenses

Creative Industries projects a beginning cash balance for October 1, of $45,000. Projected collections of accounts receivable in October are $100,000. Projected payment of expenses and inventory purchases in October is $165,000. What is the projected cash balance on October 31?

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