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Hicks Company expects $650,000 of credit sales in March and $800,000 of credit sales in April. Hicks historically collects 70% of its sales in the
Hicks Company expects $650,000 of credit sales in March and $800,000 of credit sales in April. Hicks historically collects 70% of its sales in the month of the sale and 30% in the following month How much cash does Hicks expect to collect in April? $800,000 $560,000 $755,000 o $1,015,000
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