(Answered) Problem - the patuxent rail companys sales for the next

Accounting

Problem - The Patuxent Rail Company's sales for the next three months are as follows:

February $165,000

March $170,000

April $155,000

Collection history for the company indicates that 60% of sales are collected in the month of the sale, 38% is collected in the following month, and 2% of sales are uncollectible.

Calculate the Budgeted cash receipts for April?

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