Solved: What are the budgeted cash receipts, Financial Accounting

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What are the budgeted cash receipts

Response to the following problem:

Win Bicycles, Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. If sales are budgeted to be $17,500 for March and $53,400 for April, what are the budgeted cash receipts from sales on account for April?

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Financial Accounting: What are the budgeted cash receipts

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