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Assume that your credit sales for March was $25,428,for April was $16,146 and May was $32,476. If credit sales are collected 55% during the month
Assume that your credit sales for March was $25,428,for April was $16,146 and May was $32,476. If credit sales are collected 55% during the month of sale, 25% the month following the sale, and 15% in the second month following the sale, what is the total expected cash collections to be received in May? Round your answer to one dollar.
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