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will thumbs up for quick correct answer 5 pts D Question 22 Digital Enterprises is a merchandising company. All inventory sales and purchases are made
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5 pts D Question 22 Digital Enterprises is a merchandising company. All inventory sales and purchases are made on account. Here are data regarding Digital's budget for the month of May: May 31 May May 1 Cash collections from customers $135,000 Cash paid to suppliers of merchandise inventory $109,000 Selling and administrative expenses $24,000 Accounts receivable balance (all inventory sales) $16,000 $22,000 Accounts payable balance (all inventory purchases) $18,500 $11,000 Assume the balance of the merchandise inventory account does not change during the month of May. What is Digital's budgeted operating income for the month of May? Round to the nearest whole dollar amount and do not enter a dollar sign or a decimal point (e.g., enter 89, not $89.00) Step by Step Solution
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