Miller Company expects its November sales to be

15% higher than its October sales of

$230,000. All sales are on credit and are collected as follows:

35% in the month of the sale and

60% in the following month. Purchases were

$130,000 in October and are expected to be

$190,000 in November. Purchases are paid

20% in the month of purchase and

80% in the following month. The cash balance on November 1 is

$13,100. The cash balance on November 30 will be

Question content area bottom

Part 1

A.

$ 75 comma 475

$75,475

B.

$ 243 comma 675

$243,675

C.

$ 101 comma 675

$101,675

D.

$ 88 comma 575

$88,575