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What are the budgeted cash receipts from sales for May

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Problem - MyLife Publishers Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. If sales on account are budgeted to be $340,000 for April and $300,000 for May, what are the budgeted cash receipts from sales on account for May?

Reference no: EM132881750

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