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Assume a merchandising company provides the following information from its master budget for the month of May Sales Cost of goods sold Selling and administrative

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Assume a merchandising company provides the following information from its master budget for the month of May Sales Cost of goods sold Selling and administrative expenses Accounts receivable, May 1st Accounts receivable, May 31st $ 121,000 $ 86,000 $ 20,000 $ 18,000 $ 22,500 it all of the company's soles are on account, what is the amount of cash collections from customers included in the cash budget for May? Multiple Choice 5121000 O $116.500 environ C + 3 $ 4 96 15 Be 7 6 8 9 E R Y U 1 o D F G H H j K C A C 2 V 00 B N M 30 se ant cmd Option

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