11 01:00:46 Ask Walter Enterprises expects its September sales to be 20% higher than its August sales of $165,000. Purch

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11 01 00 46 Ask Walter Enterprises Expects Its September Sales To Be 20 Higher Than Its August Sales Of 165 000 Purch 1 (49.81 KiB) Viewed 8 times

11 01:00:46 Ask Walter Enterprises expects its September sales to be 20% higher than its August sales of $165,000. Purchases were $115,000 in August and are expected to be $135,000 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: 20% in the month of purchase and 80% in the following month. The beginning cash balance on September 1 is $7,200. The ending cash balance on September 30 would be: Multiple Choice O O O O $30,700. $70,200. $55,900. $63,100. $155,100.