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Shown below are the expected sales for ABC Company: January February March April Sales for Cash $22,000 $19,000 $26,000 $21,0

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Answer #1

Budgeted Accounts Receivables at April 30 = $55,090

ABC Company
Budgeted Accounts Receivables April Calculation
March sales           10,640 =133,000*8%
April sales           44,450 =127,000*(27%+8%)
Total Accounts Receivables at April 30           55,090
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