Webster’s Discount Appliances expects sales of $5,000, $5,000, and $10,000 during April, May, and June (big sale in June). To build business, Webster let’s all customers buy on credit, and all do so. In the past, 15% of Big Bob’s sales have been collected during the month of sale, 70% are collected the following month, and 10% the month after that. If this trend continues, what will be Webster’s total cash collections in the month of June?
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