Romona Company expects its November sales to be % higher than its October sales of . All sales are on credit and are collected as follows: % in the month of the sale and % in the following month. Purchases were in October and are expected to be in November. Purchases are paid % in the month of purchase and % in the following month. The cash balance on November 1 is . The cash balance on November 30 will be

$95,050

Explanation:

Calculation to determine the cash balance on November 30

First step is to find the November sale using this formula

November sale = October sale × (1 + rate of increase)

Let plug in the formula

November sale = 210,000 × (1 + 0.15)

November sale = 210,000 × 1.15 November sale = 241,500

Second is to calculate for the Collection for sale using this formula

Collection for sale = November sale × 30% + October sale × 65%

Let plug in the formula

Collection for sale = 241,500 × 30% + 210,000 × 65%

Collection for sale = 72,450 + 136,500

Collection for sale= 208,950

The third step is to calculate for Payment for purchases

Using this formula

Payment for purchases = November purchases × 30% + October purchases × 70%

Let plug in the formula

Payment for purchases= 190,000 × 30% + 100,000 × 70%

Payment for purchases = 57,000 + 70,000

Payment for purchases =127,000

The last step is to calculate for the cash balance on November 30

Cash balance on November 30 = November 1 Beginning Cash + Collection for sale -Payment for purchases

Let plug in the formula

Cash balance on November 30 = 13,100 + 208,950 - 127,000

Cash balance on November 30 =$95,050

Therefore the cash balance on November 30 will be $95,050

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.