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What are the budgeted cash receipts from sales on account

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Reference no: EM132902944

Cash Budget

Problem 1: Capstone Inc. collects 60% of its sales on account in the month of the sale and 40% in the month following the sale. If sales on account are budgeted to be $563,000 for September and $642,000 for October, what are the budgeted cash receipts from sales on account for October?

Reference no: EM132902944

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