What are the budgeted cash receipts from sales on account

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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 on account are budgeted to be $16,000 for March and $65,500 for April, what are the budgeted cash receipts from sales on account for April?

Reference no: EM13754357

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