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What is the budgeted cash balance at the end of December? QUESTION 10 10 points Bolly Company is a retailer of fashionable women's apparel. For

What is the budgeted cash balance at the end of December?

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QUESTION 10 10 points Bolly Company is a retailer of fashionable women's apparel. For the final four months of 2021 Bolly has the following actual and budgeted Sales Revenue, Inventory purchases, and Cash Operating Expenses (Cash Op. Ex.): Month Sales Purchases Cash Op. Ex. 03 Actual September $30,000 $ 40,000 $15,000 04 Budget October $50,000 $ 60,000 $15,000 04 Budget November $150,000 $40,000 $25,000 04 Budget December $100,000 $ 5,000 $ 30,000 Bolly's cash balance at the beginning of October is $20,000. Assume sales are collected in the month of the sale; inventory purchases are paid for in the month after the purchase; and cash operating expenses are paid in the month the expenses are incurred. What is the budgeted cash balance at the end of December

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