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XYZ Company has budgeted sales for the next six months as follows: 2 0 % of the company's sales are cash sales and 8 0

XYZ Company has budgeted sales for the next six months
as follows:
20% of the company's sales are cash sales and 80% of the
company's sales are made on account. On average, 18% of
the sales on account are collected in the month of sale,
46% is collected in the month following sale, 19% is
collected in the second month following sale, and the
remaining 17% is collected three months after the month
of sale.
XYZ Company's budgeted accounts receivable at August 31
totaled $162,956.
Calculate XYZ Company's budgeted sales in August.
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