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McMichael Inc. collects 65% of its sales on account in the month of the sale and 35% in the month following the sale. If sales

image text in transcribed McMichael 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 $303,000 for September and $358,000 for October, what are the budgeted cash receipts from sales on account for October? $

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