Question
Capstone Inc. collects 75% of its sales on account in the month of the sale and 25% in the month following the sale. If sales
Capstone Inc. collects 75% of its sales on account in the month of the sale and 25% in the month following the sale. If sales on account are budgeted to be $149,000 for September and $182,000 for October, what are the budgeted cash receipts from sales on account for October?
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A Guide To Local Environmental Auditing
Authors: Hugh Barton; Noel Bruder
1st Edition
1853832340, 9781853832345
