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Question(s) / Instruction(s):

 June sales were $40,000, while projected sales for July and August were $50,000 and $60,000, respectively. Sales are 40% cash and 60% credit. All credit sales are collected in the month following the sale. What are the expected collections for July? 

A             $36,000

B             $44,000

C             $50,000

D             $54,000

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