The treasurer of U Co has accumulated the budget information presented in the table for the months of March and April pertaining to cash payments Forty percent of x the merchandise costs are expected to be paid in the month they are incurred and the remaining socty percent in the following month All of the operating expenses are paid for by cash in the month they are incurred The accounts payable balance on March 1 is $60,000 What is the amount to include in the Cash Budget for the month of March for the Merchandise Costs (which does include the beginning balance from February?? MARCH APRIL Merchandise costs $120,000 100,000 $132.000 110,000 Operating expenses Selected Answer $48 000 Answers $48.000 $60 000 $100.000 $108.000