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Home Q & A Board Other Fields Homework Help Business Accounting
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bernie2981 bernie2981
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8 years ago
June sales were $5,000 while projected sales for July and August were $6,500 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 July?
A) $5,975
B) $6,825
C) $7,975
D) $5,525
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Managerial Accounting

Managerial Accounting


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nucleinuclei
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