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Schwab company has budgeted total sales for April and May at $250,000 and $350,000, respectively. Sales are 58% credit of which 40% is collected in

Schwab company has budgeted total sales for April and May at $250,000 and $350,000, respectively. Sales are 58% credit of which 40% 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 April?

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