Capstone Inc. collects 30% of its sales on account in the month of the sale and 70% in the month following the sale. If sales on account are budgeted to be $399,000 for September and $319,000 for October, what are the budgeted cash receipts from sales on account for October? $fill in the blank 1

Capstone Inc. collects 30% of its sales on account in the month of the sale and 70% in the month following the sale. If sales on account are budgeted to be $399,000 for September and $319,000 for October, what are the budgeted cash receipts from sales on account for October? $fill in the blank 1

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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