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Title: Romona Company expects its November sales to be 20% higher than its October sales of $165,000. All s Post by: bernie2981 on Nov 14, 2015 Romona Company expects its November sales to be 20% higher than its October sales of $165,000. All sales are on credit and are collected as follows: 35% in the month of the sale and 60% in the following month. Purchases were $110,000 in October and are expected to be $140,000 in November. Purchases are paid 40% in the month of purchase and 60% in the following month. The cash balance on November 1 is $13,500. The cash balance on November 30 will be
A) $32,800. B) $2,050. C) $46,300. D) $59,800. Title: Re: Romona Company expects its November sales to be 20% higher than its October sales of $165,000. A Post by: nuclei on Nov 15, 2015 Content hidden
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