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Sioux Corporation Is Estimating the Following Sales for the First

Question 91

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Sioux Corporation is estimating the following sales for the first four months of next year: Sioux Corporation is estimating the following sales for the first four months of next year: Sales are normally collected 60% in the month of sale and 40% in the month following the sale. Based on this information, how much cash should Sioux expect to collect during the month of April? A) $370,000 B) $222,000 C) $119,000 D) $358,000 Sales are normally collected 60% in the month of sale and 40% in the month following the sale. Based on this information, how much cash should Sioux expect to collect during the month of April?


A) $370,000
B) $222,000
C) $119,000
D) $358,000

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