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. If sales on account are budgeted to be $225,000 for March and $250,000 for April, what are the budgeted cash receipts from sales on account for April?
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