Oophis Company anticipates total sales for April, May, and June of $950,000, $1,050,000, and $1,150,000...
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Oophis Company anticipates total sales for April, May, and June of $950,000, $1,050,000, and $1,150,000 respectively. Cash sales are normally 35% of total sales. Of the credit sales, 45% are collected in the same month as the sale, 50% are collected during the first month after the sale, and the remaining 5% are not collected. Compute the amount of cash received from credit sales during the month of June
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