Budgeted cash receipts from sales on account

Reference no: EM13121374

Tandum 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 $150,000 for March and $200,000 for April, what are the budgeted cash receipts from sales on account for April?

Reference no: EM13121374

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