1.)

Which of the following estimates is mt used in preparing a sales budget including a schedule of expected cash collections? Multiple Choice 0 The number of units sold The selling price per unit The credit sales collection pattern 0 The percent of next quarter's unit sales in ending inventory Assume a merchandising company provides the following information from its master budget for the month of May: Sales $218,000 Cost of goods sold $ 7?,000 Cash paid for merchandise purchases $ 72,000 Selling and administrative expenses $ 32,000 Cash paid for selling and administrative expenses $ 31,000 What is the budgeted net operating income? Multiple Choice O $6,000 O $37,000 O $125,000 O $109,000