Jent Company reported the following information for 2019: October November December Budgeted sales $320,000 $340,000 $360,000 Budgeted purchases $120,000 $128,000 $144,000 • All sales are on credit. • Customer amounts on account are collected 40% in the month of sale and 60% in the following month. Compute the amount of cash Jent will receive during November.

On july 2, year 4, wynn, inc., purchased as a short-term investment a $1 million face-value kean co. 8% bond for $910,000 plus accrued interest to yield 10%. the bonds mature on january 1, year 11, and pay interest annually on january 1. on december 31, year 4, the bonds had a fair value of $945,000. on february 13, year 5, wynn sold the bonds for $920,000. in its december 31, year 4, balance sheet, what amount should wynn report for the bond if it is classified as an available-for-sale security?