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Assume that a company estimates $200,000 sales for the month of September and $240,000 sales for...

Assume that a company estimates $200,000 sales for the month of September and $240,000 sales for the month of October. The company predicts that 60% of the cash from these sales will be collected one month following the sale and the remaining part will be collected two months after the sale. The beginning cash balance for October is forecasted to be $20,000. Each month $80.000 of expense will be incurred. If the minimum cash requirement is $60.000, what would be the ending balance of cash in November?

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