Dixon company expects 650,000 of credit sales in march and $800,000 of credit sales in April. Dixon historically collects 70% of its credit sales in the month of sales and 30% in the following month. How much does Dixon expect to collect in April? Show calculations.© BrainMass Inc. brainmass.com June 3, 2020, 9:33 pm ad1c9bdddf
The April collection will be 70% of April sales (since 70% of the sales ...
The solution explains how to calculate the cash receipts from credit sales.