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Ramona Company expects its November sales to be 10% higher than its October sales o S2 10,000 All sales are on credit and are collected
Ramona Company expects its November sales to be 10% higher than its October sales o S2 10,000 All sales are on credit and are collected as follows: 20% in the month of the sale and 75% in the ol ing month. Purchases were $100,000 in October and are expected to be $170,000 in November. Purchases are paid 20 in the month of purchase and 80% in the 10 ing month. The cash balance on November 1 is $13,400. The cash balance on November 30 will be OA. $76,300 O B. $103,100 OC. $217,100 O D. $89,700
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