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+ Miller Company expects its November sales to be 10% higher than its October sales of $200,000. All sales are on credit and are
+ Miller Company expects its November sales to be 10% higher than its October sales of $200,000. All sales are on credit and are collected an follows: 35% in the month of the sa and 60% in the following month. Purchases were $90,000 in October and are expected to be $100,000 in November. Purchases are paid 20% in the month of purchase and 50% in the following month. The cash balance on November 1 is $13,300. The cash balance on November 30 will be OA $118,30 OB. $91,700 OC. $210,300 OD. $105,000
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