1. The CRCR Corporation is doing budgets for the last quarter of its fiscal ye

1. The CRCR Corporation is doing budgets for the last quarter of its fiscal year which ends on December 31. The
company expects to make total sales by month of:

Sept

Oct

Nov

Dec

Jan

$50000

$52500

$63000

$81900

$32760

Of total sales each month 40% will be in cash. Remaining sales will be made on credit. The company expects to collect 55% of all credit sales
in the month the sale was made and in time for the customer to take a 2.5% prompt payment sales discount. The company will collect an additional 40% of credit
sales in the month after the sale. What is the expected balance in accounts receivable at the end of November?