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Miller Company expects its November sales to be 25% higher than its October sales of 5220,000 . Al sales are on credit and are collocted

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Miller Company expects its November sales to be 25% higher than its October sales of 5220,000 . Al sales are on credit and are collocted as follows: 30\% in the month of the sile and 65% in the following month. Purchases were $150,000 in October and are expected to be $190,000 in November. Purchases are paid 20% in the merth of purchase and 80% in the following month. The cash balance on November 1 is $14,000. The cash balance on November 30 wil be A. $67,500 B. 5239,500 C. $53,500 D. $81,500

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