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based on the following assumptions: SALES: the discount period; 30% are collected by the end of the month; 9% are collected by the end of

based on the following assumptions: SALES: the discount period; 30% are collected by the end of the month; 9% are collected by the end of the second month; and 6% turn out to be uncollectible. PURCHASES: Actual and projected sales are as shown below. What are the budgeted cash collectlons during the month of May? Multiple Choice $457,640 $476,025 $478,869 $449,588

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