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Grace sells miniature digital cameras for $250 each. 1,000 units were sold in May, and...

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Grace sells miniature digital cameras for $250 each. 1,000 units were sold in May, and it forecasts 4% growth in unit sales each month. Assume 60% of Grace's sales are for cash. The remaining 40% are credit sales; these customers pay in the month following the sale. Compute the budgeted cash receipts for June

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