(Answered) Question - cash budget life chronicles inc collects 40 of

Accounting

Question - Cash budget Life Chronicles Inc. collects 40% of its sales on account in the month of the sale and 60% in the month following the sale. If sales on account are budgeted to be $170,000 for June and $200,000 for July, what are the budgeted cash receipts from sales on account for July?

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