of 2020 Sales are 9 On The Houdini Magic Shoppe has forecast sales and purchases for the last 4 months follows (Sep to December) 1900, 1400, 2300 2300, 3000 Purchases are as follows (Sep to December) 1600 1700 2500, 1700 to Sixty percent of sales the rest are cash Sales . On the basis of past experience 40.1 % of the receivable Collected the month after the sale and 60% are Collected 2 months after Purchases are paid the month following the purchases. The firm has a cash balance $5oop on at octoba and has a minimum requined cash balance of $9000. Credit Sales for November ? Cash Inflow for December ? - November ? = Net = Ending Cash Balance for November? accounts are the sale hand as Cash quiflow for November