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Find budgeted cash receipts from sales on account for july

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Problem - MyLife Chronicles Inc. collects 30% of its sales on account in the month of the sale and 70% in the month following the sale. If sales on account are budgeted to be $170,000 for June and $200,000 for July, find the budgeted cash receipts from sales on account for July?

Reference no: EM132763955

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