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Assume a merchandising company provides the following information from its master budget for the month of May:Sales$ 1 1 7 , 0 0 0 Cost

Assume a merchandising company provides the following information from its master budget for the month of May:Sales$ 117,000Cost of goods sold$ 82,000Selling and administrative expenses$ 16,000Accounts receivable, May 1st$ 17,000Accounts receivable, May 31st$ 23,000If all of the companys sales are on account, what is the amount of cash collections from customers included in the cash budget for May? Choices: 100,000106,000111,000117,000

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