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Win Bicycles, Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. If
Win Bicycles, Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. If sales are budgeted to be $18,100 for March and $38,400 for April, what are the budgeted cash receipts from sales on account for April?
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