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ABC Company has the following projected sales: Month Sales $ April 37,277 May 36,633 June 44,688 July 18,754 ABC collects 55 percent of its sales in the month of sale, 23 percent in the month following the month of sale, and another 3 percent in the second month following the month of sale. The remainder is bad debts and is not collected. What is the amount of the July collections?

Reference no: EM131087830

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