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Mega Ltd. has the following budgeted sales and purchases for the first two months of 20x4 Budgeted Purchases $280174 77919 Budgeted Sales January February $394869
Mega Ltd. has the following budgeted sales and purchases for the first two months of 20x4 Budgeted Purchases $280174 77919 Budgeted Sales January February $394869 127791 Mega's historical cash collection and disbursement patterns are as follows Sales: 45% collected in the month of sale: 55% collected in the month following the sale Purchases: 72% paid for in the month purchased: 28% paid for in the following month The company's February 1, 20x4 cash balance was $45717. Calculate the expected ending cash balance for February 20x4 Select one O a. $185851 O b. $32303 O c. $140134 O d. $47121
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