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Comic Books Inc., collects 7 5 % of its sales on account in the month of the sale and 2 5 % in the month

Comic Books Inc., collects 75% of its sales on account in the month of the sale and 25% in the month following the sale. Cash sales for April are budgeted at $70.000. Sales on account are budgeted to be $250,000 for March and $225,000 for April. What are the budgeted cash receipts from sales for April? (show work)

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