Answer:
$149,000
Explanation:
<u>Cash Budget for the month of November</u>
Receipts :
<em>Cash collections from customers :</em>
From November Sales - ($240,000 x 1.25 x 0.35) $105,000
From October Sales - ($240,000 x 0.60) $144,000
Total Receipts $249,000
Payments :
<em>Payments to Suppliers :</em>
November Purchases ($100,000 x 0.35) $35,000
October Purchases ($100,000 x 0.65) $65,000
Total Payments $100,000
Balance (Receipts - Payments) $149,000
therefore,
The cash balance on November 30 will be $149,000.
