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Business, 04.08.2021 15:10 blevinsiman

Walter Enterprises expects its September sales to be 30% higher than its August sales of $250,000. Purchases were $200,000 in August and are expected to be $220,000 in September. All sales are on credit and are collected as follows: 40% in the month of the sale and 60% in the following month. Merchandise purchases are paid as follows: 30% in the month of purchase and 70% in the following month. The beginning cash balance on September 1 is $8,900. The ending cash balance on September 30 would be:

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