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Miller Company expects its November sales to be 10 % higher than its October sales of $ 210 comma 000 . All sales are on

Miller Company expects its November sales to be 10 % higher than its October sales of $ 210 comma 000 . All sales are on credit and are collected as follows: 20 % in the month of the sale and 75 % in the following month. Purchases were $ 140 comma 000 in October and are expected to be $ 150 comma 000 in November. Purchases are paid 40 % in the month of purchase and 60 % in the following month. The cash balance on November 1 is $ 13 comma 200 . The cash balance on November 30 will be

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