Mcmichael publishers inc collects 10 of its sales on

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McMichael Publishers Inc. collects 10% of its sales on account in the month of the sale and 90% in the month following the sale. If sales on account are budgeted to be $374,000 for April and $299,000 for May, what are the budgeted cash receipts from sales on account for May?

Reference no: EM13590587

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