Halifax Shoes has 30% of its sales in cash and the remainder on credit. Of the credit sales, 65% is collected in the month of sale, 25% is collected the month after the sale, and 5% is collected the second month after the sale. How much cash will be collected in August if sales are estimated as $78,000 in June, $ 69,000 in July, and $90,000 in August? Cash collected $ 79,650 X Feedback