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

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Accounting

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 An accounting device used to plan and control resources of operational departments and divisions.budgeted to be $23,000 for April and $27,000 for May, what are the budgeted cash receipts from sales on account for May? $______

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