Question: Day Timer Publishers Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale.

Day Timer Publishers Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. If sales on account are budgeted to be $390,000 for April and $360,000 for May, what are the budgeted cash receipts from sales on account for May?

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