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Capstone Publishers Inc. collects 50% of its sales on account in the month of the...

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Accounting

Capstone Publishers Inc. collects 50% of its sales on account in the month of the sale and 50% in the month following the sale.

If sales on account are budgeted to be $416,000 for April and $329,000 for May, what are the budgeted cash receipts from sales on account for May? $

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