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5 Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects credit sales

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5 Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects credit sales of $45,000 and $65,000, respectively. The company expects to collect 30% of its credit sales in the month of the sale and the remaining 70% in the following month. What amount of cash collections from credit sales would the company include in its cash budget for the second month? points Multiple Choice O $19,500 O $51,000 O $45,500 O $33,000

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