- Assume A Merchandising Company Provides The Following Information From Its Master Budget For The Month Of September Cost 1 (57.92 KiB) Viewed 49 times
Assume a merchandising company provides the following information from its master budget for the month of September Cost of goods sold Cash paid for merchandise purchases Selling and administrative expenses Cash paid for selling and administrative expenses Retained earnings, May 1 Retained earnings, May 31 Dividends declared and paid in September $ 79,800 $ 74,900 $ 34,800 $ 26,400 $ 19,900 $ 26,800 $ 10,000 16 The company does not have any loans. What is its budgeted sales for September? Ignore taxes. A. $ 123,100 B $ 121,500 C. $ 131,500 D. $ 113,500 E. None of the above.