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What are the budgeted cash receipts from sales for october

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Problem 1: Wallace 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 $559,000 for September and $470,000 for October, what are the budgeted cash receipts from sales on account for October?

Reference no: EM132962095

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