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7 . 3 Halifax Shoes has 3 0 % of its sales in cash and the remainder on credit. Of the credit sales, 6 5
Halifax Shoes has of its sales in cash and the remainder on credit. Of the credit sales, is collected in the month of sale, is collected the month after the sale, and is collected the secondmonth after the sale. How much cash will be collected in August if sales are estimated as $ in June,$ in July, and $ in August? How much cash will be collected in August?
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