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Cash Budget Capstone Publishers Inc. collects 20% of its sales on account in the month of the sale and 80% in the month following the
Cash Budget
Capstone Publishers Inc. collects 20% of its sales on account in the month of the sale and 80% in the month following the sale.
If sales on account are budgeted to be $439,000 for April and $522,000 for May, what are the budgeted cash receipts from sales on account for May?
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