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Cash Budget

Harbour Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. If sales on account are budgeted to be $246,000 for September and $284,000 for October, what are the budgeted cash receipts from sales on account for October?

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Financial And Managerial Accounting
Financial And Managerial Accounting
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ISBN: 9781337902663
Author: WARREN, Carl S.
Publisher: Cengage Learning,
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