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XYZ Co. Collects 40% of its sales on account in the month of sale and 60% in the month following the sale. If sales on

XYZ Co. Collects 40% of its sales on account in the month of sale and 60% in the month following the sale. If sales on account are budgeted to be $90,000 for May and $120,000 for June, what are the budgeted cash receipts from sales on account for June?

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