Question
Month Sales $ Month Sales $ Jan 21,874 July 83,495 Feb 34,670 Aug 11,916 Mar 11,916 Sep 21,874 Apr 83,495 Oct 11,916 May 21,874 Nov
Month Sales $ Month Sales $ Jan 21,874 July 83,495 Feb 34,670 Aug 11,916 Mar 11,916 Sep 21,874 Apr 83,495 Oct 11,916 May 21,874 Nov 34,670 June 34,670 Dec 83,495 The table contains the Sales estimates for the next year. The Purchases are 57% of Sales. Purchases are paid in the following month. The administrative expenses of $2,977 are paid each month Tax expenses of $18,243 are paid in March, June, September, and December each year. Rent expenses of $13,507 are paid in June and December. What is the cash outflow for November? Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.
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