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In April, the Sparky corporation had $200,000 of sales. 89% of these sales were credit sales and the rest were cash sales. For credit sales,
In April, the Sparky corporation had $200,000 of sales. 89% of these sales were credit sales and the rest were cash sales. For credit sales, 20% are typically paid by customers in the month following the sale and 80% are paid two months after the sale. How much cash will be collected in May? Round to the nearest dollar
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