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Romona Company expects its November sales to be 10% higher than its October sales of $200,000. All sales are on credit and are collected as

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Romona Company expects its November sales to be 10% higher than its October sales of $200,000. All sales are on credit and are collected as follows: 30% in the month of the sale and 65% in the following month. Purchases were $100,000 in October and are expected to be $120,000 in November. Purchases are paid 20% in the month of purchase and 80% in the following month. The cash balance on November 1 is $13, 100. The cash balance on November 30 will be A. $78, 900 B. $209, 100 C. $92,000 D. $105, 100

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