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4 Glastonbury Inc. began operations in April of this year. It makes all sales on account, subject to the following collection pattern: 25% are collected

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4 Glastonbury Inc. began operations in April of this year. It makes all sales on account, subject to the following collection pattern: 25% are collected in the month of sale: 55% are collected in the first month after sale, and 20% are collected in the second month after sale. If sales for April, May, and June were $67,000, $87,000, and $77,000, respectively, what were the firm's budgeted collections for June? 3 00320 Multiple Choice $19.250 $58,600 $67.100 $80,500 None of the answers is correct

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