Path:p QUESTION 14 14 October's sales were $300,000 and its ending cash balance was $3,500 Projected sales for November are $500,000. Cash is collected for 80% of sales during the month of the sales, with the remaining 20% of sales collected as cash in the following month. Other cash, in the amount of $23,000, is expected to be received in November. Purchases are in cash and amount to 85% of sales each month. Wages are paid in cash and amount to 35% of the previous months sales Rent of 55,000 is paid in cash each month. Principal and interest of $30,000 is expected to be paid in November. For November, calculate the (a) total cash receipts. (b) total cash disbursements, (c) net cash flow, and (d) ending cash balance (10 points) T T T Arial 3 (12pt) T * Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers