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Lodi LLC collects 40% of its sales in the month of sale and the other 60% in the following month. The following shows budgeted sales
Lodi LLC collects 40% of its sales in the month of sale and the other 60% in the following month. The following shows budgeted sales for April through June.
April $500,000
May $400,000
June $420,000
What is the amount of cash receipts budgeted for May?
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