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Question 52 1.67 pts June sales were $1000 while projected sales for July and August were $6400 and $5000, respectively. Sales are 40% cash and

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Question 52 1.67 pts 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? $3160 $5160 $5560 $4240

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