Question
Capstone Inc. collects 40% of its sales on account in the month of the sale and 60% in the month following the sale. If sales
Capstone Inc. collects 40% of its sales on account in the month of the sale and 60% in the month following the sale. If sales on account are budgeted to be $455,000 for September and $551,000 for October, what are the budgeted cash receipts from sales on account for October? $fill in the blank 1
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
26th edition
128574361X, 978-1305446052, 1305446054, 978-1285743615
