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How much cash should sioux expect to collect

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Reference no: EM132959238

Question - Sioux Corporation is estimating the following sales for the first four months of next year:

Jan - $260,000

Feb - $230,000

March - $270,000

April - $320,000

Sales are normally collected 60% in the month of sale, 35% in the month following the sale, and the remaining 5% being uncollectible. Based on this information, how much cash should Sioux expect to collect during the month of April?

Reference no: EM132959238

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