=+3. Dixon Company expects $650,000 of credit sales in March and $800,000 of credit sales in April.
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=+3. Dixon Company expects $650,000 of credit sales in March and $800,000 of credit sales in April. Dixon historically collects 70% ofits sales in the month ofsale and 30% in the following month. How much cash does Dixon expect to collect in April?
A. $800,000 C. $755,000 B. $560,000 D. $1,015,000 Budgeting and Standard Cost Systems 513
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