Win bicycles inc collects 25 of its sales on account in the, Ask an Expert

Accounting

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 $18,800 for March and $52,100 for April, what are the budgeted cash receipts from sales on account for April?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9945912

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