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Julia's Candy Co. reports the following information from its sales account and sales budget: Cash sales are normally 25% of total sales and all credit

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Julia's Candy Co. reports the following information from its sales account and sales budget: Cash sales are normally 25% of total sales and all credit sales are expected to be collected in the month following the date of sale. Based on the information from Julia's, the total amount of cash expected to be received from customers in July is

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