QUESTION 47 uleThe remainder is A Company collects 20% of a month's sales in the month of uncollectible. Budgeted sales for the next four months are: January February Budreted sales $200,000 $300,000 $ Cash collections in April are budgeted to be: 5321,000 $320,000 $313,000 $292,000 QUESTION 48 as 2.0. If the operating assets invested A Company calculated residual income for 200X to be $22.000 was $400,000, what was the Company's net operating income during 200X? $70,000 $26.000 5118,000 $48.000