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Capstone Inc. collects 6 5 % of its sales on account in the month of the sale and 3 5 % in the month following

Capstone Inc. collects

65 %

of its sales on account in the month of the sale and

35 %

in the month following the sale. If sales on account are budgeted to be $

198, 000

for

September and $

218, 000

for October, what are the budgeted cash receipts from sales on account for October?

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