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Not sure how to solve this problem for my homework.
SupperOffice Company expects its November Sales to be 20% higher than its Octobers sales of $180,000. Purchases were $110,000 in October and are expected to be $160,000 in November. All sales are collected on credit and are collected as follows: 30% 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 Nov 1 is $13,500. The cash balance on November 30th will be...
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