Solution-How much cash does Dixon expect to collect in April

How much cash does Dixon expect to collect in April

Reference no: EM132707097

Problem - Dixon Company expects $650,000 of credit sales in March and $800,000 of credit sales in April. Dixon historically collects 70% of its sales in the month of sale and 30% in the following month. How much cash does Dixon expect to collect in April?

A. $800,000

B. $560,000

C. $755,000

D. $1,015,000

Reference no: EM132707097

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How much cash does Dixon expect to collect in April

Reference no: EM132707097

Reference no: EM132707097

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Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

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