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You Matter (YM) is in the process of budgeting their ending November cash balance. They began the month of November with $82,000 in their bank

You Matter (YM) is in the process of budgeting their ending November cash balance. They began the month of November with $82,000 in their bank account. Their budgeted cash inflows were determined to be $120,000. Their only cash outflows for the month are for their merchandise purchases. They purchase all merchandise and credit, and pay 100% in the month following the expense. Last months expense, and Novembers estimated expense are provided below:

October merchandise on credit: $68,000

Estimated November merchandise on credit: $96,000

Using the information provided, what is the budgeted ending cash balance for November?

A) $134,000

B) $52,000

C) $38,000

D) $106,000

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