Sioux Corporation Is Estimating the Following Sales for the First

question 162

Multiple Choice

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

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