Using the following information:
Monthly sales forecasts are $210,000 and $30,000 for the next two months
Sales in the current month were $140,000
• 80 percent of sales are collected in the month of sale, with the remainder
collected in the following month
Cost of goods sold equals 70 percent of sales
The monthly lease payment is $75,000
•The cash position at the end of the current month is $70,000
What is the ending cash balance two months from now?
O $8,000
O $14,000
O $25,000
O $38,000