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Ballentine Company expects sales for June, July, and August of $ 6 7 , 0 0 0 , $ 7 3 , 0 0 0
Ballentine Company expects sales for June, July, and August of $ $ and $ respectively. Experience suggests that of sales are for cash and are on credit. The company collects of its credit sales in the month following sale, in the second month following sale, and are not collected. What are the company's expected cash receipts for August from its current and past sales?
Multiple Choice
$
$
$
$
$
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