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ABC Company has forecast credit sales for the second quarter of the year as: March $80,000 Second Quarter April $70,000 May $50761 June $75129 Experience

ABC Company has forecast credit sales for the second quarter of the year as: March $80,000 Second Quarter April $70,000 May $50761 June $75129 Experience has shown that 20 percent of sales are collected in the month of sale, 50 percent in the following month, and 30 percent are never collected. What is the total cash receipts for the month June?

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