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