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Kerrie Inc. collects 45% of its sales on account in the month of the sale and 55% in the month following the sale. If sales
Kerrie Inc. collects 45% of its sales on account in the month of the sale and 55% in the month following the sale. If sales on account are budgeted to be $146,000 for September and $117,000 for October, what are the budgeted cash receipts from sales on account for October?
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