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Budgeted sales are: April, $ 230,000 and May $250,000. All sales are credit sales with 50% collects in the month of sale, 30% collected in

Budgeted sales are: April, $ 230,000 and May $250,000. All sales are credit sales with 50% collects in the month of sale, 30% collected in the month following the sale, and 20% two months following. What are cash receipts in May?

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