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Acme Company is preparing a budget for the second quarter of the year. Acme collects 4 0 % of its sales on account in the
Acme Company is preparing a budget for the second quarter of the year. Acme collects of its sales on account in the month of the sale and in the month following the sale. Sales on account are budgeted at $ for April, and cash collections from sales on account are budgeted at $ for May. What are the budgeted sales on account for the month of May?
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