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The Houdini Magic Shoppe has forecast its sales and purchases for the last 4 months of 2020. Sales are as follows (September to December): 1800,

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The Houdini Magic Shoppe has forecast its sales and purchases for the last 4 months of 2020. Sales are as follows (September to December): 1800, 1400,2400, 2700 Purchases are as follows (September to December): 1700, 1600, 2700, 1700 Saty percent of sales are on credit while the rest are cash sales. On the basis of past experience, 40% of the accounts receivable are collected the month after the sale and 60% are collected 2 months after the sale. Purchases are paid the month following the purchase. The firm has a cash balance of $5,000 on hand as at October 1, and has a minimum required cash balance of $4.000. Enter the following information: Credit Sales for November? = 1440 Cash Inflow for December? = Cash Outlow for November? = Net Cash Flow for December? = Ending Cash Balance for November

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