Edward-Helaire LLC expects its May sales to be 15% higher than its April sales of $200,000....

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Edward-Helaire LLC expects its May sales to be 15% higher than its April sales of $200,000. Purchases were $120,000 in April and are expected to be $180,000 in May. All sales are on credit and are collected as follows: 44% in the month of the sale and 55% in the following month. Purchases are paid 36% in the month of purchase and 64% in the following month. The cash balance on May 1st is $15.000. The cash balance on May 31st will be: $68,700 $51.400 $71,100 $84,600 Edward-Helaire LLC expects its May sales to be 15% higher than its April sales of $200,000. Purchases were $120,000 in April and are expected to be $180,000 in May. All sales are on credit and are collected as follows: 44% in the month of the sale and 55% in the following month. Purchases are paid 36% in the month of purchase and 64% in the following month. The cash balance on May 1st is $15.000. The cash balance on May 31st will be: $68,700 $51.400 $71,100 $84,600

Answer rating: 100% (QA)

Answer The correct option is D Explanation The Cash Balance at the end of the m... View the full answer