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Miller Company expects its November sales to be 20% higher than its October sales of $240,000. All sales are on credit and are collected as

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Miller Company expects its November sales to be 20% higher than its October sales of $240,000. 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 $50,000 in October and are expected to be $100,000 in November. Purchases are paid 35% in the month of purchase and 65% in the following month. The cash balance on November 1 is $13,500. The cash balance on November 30 will be A. $D1,74 B. $156,600 C. $183,600 D. $170,100

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