Forty percent of a firm’s sales are collected during the first month after the sale; 35% are collected during the second month following the sale; 20% are collected during the third month following the sale; 5% are collected during the fourth month. what cash is collected in july from may’s sales, which totaled $75,000?

$15,000
$3,750
$30,000
$26,250

How is a federal loan different from a private loan for an education? a federal loan is available for any student who meets the government's lending standards. a private loan is only available for students who show a need. a federal loan is only available for students who show a need. a private loan is available for any student who meets the bank's lending standards. a federal loan can only be used to pay for a student's tuition. a private loan can be used to pay for a student's tuition and any other expenses. a federal loan can be used to pay for a student's tuition and any other expenses. a private loan can only be used to pay for a student's tuition.