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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

7.3 Halifax Shoes has 30% of its sales in cash and the remainder on credit. Of the credit sales, 65%is collected in the month of sale, 25% is collected the month after the sale, and 5% is collected the secondmonth after the sale. How much cash will be collected in August if sales are estimated as $75,000 in June,$65,000 in July, and $90,000 in August? How much cash will be collected in August?

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