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Big Wheel, Inc. collects 99% of its sales made on account (1% are never collected) . 25 % of its remaining sales on account are
Big Wheel, Inc. collects 99% of its sales made on account (1% are never collected) . 25 % of its remaining sales on account are collected in the month of sale and remaining 75% in the month following the sale. 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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