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6. A company bills its customers on the first of the month. Any sale that it makes in the month of July it bills on

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6. A company bills its customers on the first of the month. Any sale that it makes in the month of July it bills on August 1, with payment due on September 1. Clients traditionally pay as follows: 50% at the end of the first month, 40% at the end of the second month, and 8% at the end of the third month; 2% default on their bills. Given the following data, calculate the dollar value of total collections in eacin month, January through June. Billings: January =$88,000; February =$74,000; March = $96,000 April=$99,000;May=$82,000;June=$63,000

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