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The CFO of Blossom Corp estimates the number of units sold for May and June to be 4200 units and 7100 units respectively. These
The CFO of Blossom Corp estimates the number of units sold for May and June to be 4200 units and 7100 units respectively. These units will be sold at a price of $35 per unit. The CFO estimates that 40% of sales will be credit sales and 60% of the credit sales amount will be received in a month after the sales are made with the balance paid off in the following month. How much cash is expected to be collected in June?
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