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1. 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.
Selected year end financial statements of Overton Corporation follow.
a.Compute the number of units that must be sold to earn a profit of $80,000. b.Compute the number of units that must be sold if advertising costs rise by $12,000 and a targeted
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