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What is the budgeted net operating income for May

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Reference no: EM133053713

Question - Assume a merchandising company provides the following information from its master budget for the month of May.

Sales $129,000

Cash paid for merchandise purchases $83,000

Selling and administrative expenses $23,000

Accounts payable, May 1st $17,100

Accounts payable, May 31st $24,000

If the company maintains no beginning or ending merchandise inventory and makes all of its inventory purchases on account, what is the budgeted net operating income for May?

Reference no: EM133053713

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