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Poodle Company has budgeted total sales for April and May at $250,000 and $350,000, respectively. Sales are 30% credit, of which 23% is collected in
Poodle Company has budgeted total sales for April and May at $250,000 and $350,000, respectively. Sales are 30% credit, of which 23% is collected in the month of sale and the rest is collected in the following month. What is the budgeted accounts receivable balance at the end of May? (Do not round intermediate calculations. Round the final answer to the nearest whole dollars.)
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