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Assume that a comparty prepared the following sales budget The following information is also avallable: - Desired ending inventory is $20,000 plus 70% of the

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Assume that a comparty prepared the following sales budget The following information is also avallable: - Desired ending inventory is $20,000 plus 70% of the next month's cost of goods sold - Cost of goods sold averages 60% of sales. - Purchases are poid 30% in the current month and 70% in the next month. - Budgeted sales each month are 70% credit and 30% cash - 403 of credit customers pay in the current month, 50% pay in the first month after the sale, and 10% pay in the 5 econd month after the saie. What are the expected cash collections from customers for Novernber? Mutiple Choice sinsin00 $4104500 5890.000 5768.500

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