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June sales were $1000 while projected sales for July and August were $6400 and $5000, respectively. Sales are 40% cash and 60% credit. All credit

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June sales were $1000 while projected sales for July and August were $6400 and $5000, respectively. Sales are 40% cash and 60% credit. All credit sales are collected in the month following the sale. What are the total expected collections for July? O A. $3,160 O B. $5,560 C. $4,240 OD. $5,160

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