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July sales were $4,000 while projected sales for August and September were $6,000 and $7,000, respectively. Sales are 35% cash and 65% credit. All credit

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July sales were $4,000 while projected sales for August and September were $6,000 and $7,000, respectively. Sales are 35% cash and 65% credit. All credit sales are collected in the month following the sale. What are the total expected collections for August? A. $4,700 B. $7.150 c. $5,300 D. $6,650

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