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How much cash does Dixon expect to collect in April

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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: EM132716655

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