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The Fraley Corporation, a merchandising firm, has planned the following sales for the next four months: Sales are made 40% for cash and 60% on

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The Fraley Corporation, a merchandising firm, has planned the following sales for the next four months: Sales are made 40% for cash and 60% on account. From experience, the company has learned that a month's sales on account are collected according to the following pattern: Compute the budgeted cash receipts for June. Show your work

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