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Assume a merchandising company provides the following information from its master budget for the month...

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Accounting

Assume a merchandising company provides the following information from its master budget for the month of May: Sales Cost of goods sold Selling and administrative expenses Accounts receivable, May 1st Accounts receivable, May 31st $ 118,000 $ 94,000 $ 28,000 $ 17,000 $ 23,000 If all of the company's sales are on account, what is the amount of cash collections from customers included in the cash budget for May?
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Assume a merchandising company provides the following information from its master budget for the month of May If all of the company's sales are on account, what is the amount of cash collections from customers included in the cash budget for May

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