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Big Wheel, Inc. collects 25% of its sales on account in the month of the...

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Accounting

Big Wheel, Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. Sales on account are budgeted to be $18,700 for March and $61,500 for April. What are the budgeted cash receipts from sales on account for April? $

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