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Capstone Publishers Inc. collects 85% of its sales on account in the month of the...

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Accounting

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Capstone Publishers Inc. collects 85% of its sales on account in the month of the sale and 15% in the month following the sale. If sales on account are budoeted to be $360,000 for Apeil and $320,000 for May, what are the budoeted cash receipts from sales on account for May? x reedback roweck Hy wow The prenally ource of estimated cash recoipts is trom cath soves and colections on account To estimnte cath rechists thom cash sales and collectont on accoint a schedune of collections from sales is pepared. Learning obyective 5

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