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This Question: 1 pt 35 of 40 (29 complete) This Test: 40 pts possible BusyBody Company expects its November sales to be 25% higher than

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This Question: 1 pt 35 of 40 (29 complete) This Test: 40 pts possible BusyBody Company expects its November sales to be 25% higher than its October sales of $240,000. Purchases were $100,000 in October and are expected to be $100,000 in November. All sales are on credit and are collected as follows: 35% in the month of the sale and 60% in the following month. Purchases are paid 35% in the month of purchase and 65% in the following month. The cash balance on November 1 is $13,500. The cash balance on November 30 will be O A. $135,500 OB. $162,500 O C. $262,500 OD. $149,000

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