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June Sales Were $6,000 While Projected Sales for July and August

Question 44

Multiple Choice

June sales were $6,000 while projected sales for July and August were $8,500 and $7,000,respectively.All credit sales are collected in the month following the sale.Sales are 75% credit and 25% cash.What are the total expected collections for July?


A) $8,375
B) $7,875
C) $7,375
D) $6,625

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