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Montano1993 [528]
3 years ago
6

Hayden Company expects its November sales to be 20% higher than its October sales of $160,000. All sales are on credit and are c

ollected as follows: 30% in the month of the sale and 65% in the following month. Purchases were $60,000 in October and are expected to be $120,000 in November. Purchases are paid 40% in the month of purchase and 60% in the following month. The cash balance on November 1 is $13,400. The cash balance on November 30 will be:_____
a. $175,000
b. $77,600
c. $64,200
d. $91,000
Business
1 answer:
8_murik_8 [283]3 years ago
4 0
The awnser is a choose a
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