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Arbor Company has forecast sales to be $ 4 1 3 , 0 0 0 in May, $ 4 8 8 , 0 0 0
Arbor Company has forecast sales to be $ in May, $ in June, $ in July and $ in August. Assume that of sales are made in cash, and the remainder is on credit. Credit sales are collected in the month of sale, and remainder in the following month. What are the budgeted cash receipts for July?
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