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Cash Budget Wallace Inc. collects 20% of its sales on account in the month of the sale and 80% in the month following the sale.

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Cash Budget Wallace 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 $541,000 for September and $549,000 for October, what are the budgeted cash receipts from sales on account for October

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