Business, 21.08.2019 00:20 laurachealsy923

Walter enterprises expects its september sales to be 20% higher than its august sales of $150,000. purchases were $100,000 in august and are expected to be $120,000 in september. all sales are on credit and are collected as follows: 30% in the month of the sale and 70% in the following month. merchandise purchases are paid as follows: 25% in the month of purchase and 75% in the following month. the beginning cash balance on september 1 is $7,500. the ending cash balance on september 30 would be:

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Walter enterprises expects its september sales to be 20% higher than its august sales of $150,000. p...

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