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Melody Inc. had a November ending cash balance of $15,000. As well, it had sales...

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Accounting

Melody Inc. had a November ending cash balance of $15,000. As well, it had sales of $10,000 in November, $20,000 in December, and projects sales of $25,000 for January, $30,000 for February, and $35,000 for March. The firm collects its receivables in the month after the sale. Given this information, calculate its cash balance at the end of March. Assume that every month has 30 days.
Question 9 options:
$75,000
$80,000
$90,000
$100,000
$110,000

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