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Budgeting Cash Collections Spencer Consulting, which invoices its clients on terms 2 / 1 0 , n / 3 0 , had credit sales for

Budgeting Cash Collections Spencer Consulting, which invoices its clients on terms 2/10, n /30, had credit sales for May and June of $ 150,000 and $ 170,000, respectively. Analysis of Spencer's operations indicates that the pattern of customers' payments on account is as follows (percentages are of total monthly credit sales): Determine the estimated cash collected on customers' accounts in June.

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