BusyBody Company expects its November sales to be 20% higher than its October sales of $180,000….

BusyBody Company expects its November sales to be 20% higher than its October sales of $180,000. Purchases were $110,000 in October and are expected to be $160,000 in November. All sales are on credit and are collected as follows: 35% in the month of the sale and 60% in the following month. 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) $4,100. B) $53,600. C) $67,100. D) $40,100.

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