Dixon Company expects $650,000 of credit sales in March and $800,000 of credit sales in April. DLxon
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Dixon Company expects $650,000 of credit sales in March and $800,000 of credit sales in April. DLxon 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? LO3 A. $800,000 C. $755,000 B. $560,000 D. $1,015,000
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