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What are budgeted cash receipts from sales for capstone inc

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Reference no: EM132971550

Cash Budget

Problem 1: Capstone Inc. collects 45% of its sales on account in the month of the sale and 55% in the month following the sale. If sales on account are budgeted to be $40,000 for September and $31,000 for October, what are the budgeted cash receipts from sales on account for October?

Reference no: EM132971550

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