12:33 docs.google.com Part F - Functional Budgeting What is Grainger's expected cash received for the month of February? RM92,000 RM91,000 RM87,000 RM89,160 4 points From the information below, calculate the following question. The Grainger Company's Budgeted Profit & Loss Statement reflects the following amounts: Sales (RM) Purchases (RM) Expenses (RM) January February 120,000 78,000 24,000 110,000 66,000 24,200 March 125,000 81,250 27,000 April 130,000 84,500 28,600 Sales are collected 50 percent in the month of sale, 30 percent in the month following sale, 19 percent in the second month following sale and 1 percent is uncollectible. The uncollectible accounts are expensed at the end of the year. All purchases are on credit. 60 percent of the purchases will be paid one month after the purchases. The remaining balance will be paid two months after the purchases. The monthly expense figures include RM5,000 in monthly depreciation. The expenses are paid for in the month incurred. What is Grainger's expected 4 points