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Masco Company. expects sales of $5,400, $6,100, $5,900, and$6,400 for the months of March through June, respectively. Thecompany collects 50 percent of sales in the month of sale, 25percent in the month following the month of sale, and 20 percent inthe second month following the month of sale. The remaining 5percent of sales is never collected. How much money does thecompany expect to collect in the month of June?$4,975.00$6,250.00$5,300.00$6,725.00$5,895.00
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